Re:Coinbase lays off around 1,100 employees
by space_fountain on Tuesday June 14, 2022 @10:30PM
(#31748468)
Corporations are made out of people. You can’t really tax corporations, maybe you can people with capital
Re:Coinbase lays off around 1,100 employees
by sifar on Wednesday June 15, 2022 @12:44AM
(#31749207)
corporations have personhood.
Re:Coinbase lays off around 1,100 employees
by space_fountain on Wednesday June 15, 2022 @01:57AM
(#31749591)
Sure, in some senses, but I think much of the logic there traces back to cooperations just being collections of people
Re:Coinbase lays off around 1,100 employees
by sifar on Wednesday June 15, 2022 @04:23AM
(#31750425)
No not in some sense but legally. And what the OP was saying that the tax burden is split unequally between individuals and corporations. While corporations enjoy the legal benefits of personhood, the same doesn't apply to them when it comes to taxation.
Re:Coinbase lays off around 1,100 employees
by space_fountain on Wednesday June 15, 2022 @04:43PM
(#31759214)
The extent of the point I'm trying to make is sense people are the only things making decisions any tax you can levy on a cooperation can be equivalently thought of as a bunch of taxes on individual people. The situations are the same
It's a topic almost perfectly designed for a useless shouting match.
Meanwhile. In the 1950's, citizens in the US were expected to pay around 50% of the cost of running the government. Corporations paid 25% of the share and the rest were import and other use taxes.
Today, citizens are expected to pay 85%. Corporations pay a mere 7%, and they enjoy reductions in the other tax categories more readily than citizens and consumers do.
The elite business class billionaire CEO is just a symptom of this problem, and a fraction of the overall class anyways. Tiger Woods just joined the three comma club recently.. what was his original sin?