U.S. Corporate Tax Rate Is 2nd Highest in Industrialized World

Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by CWuestefeld on Monday August 10, 2009 @01:36PM (#753499)

I concede the finer point. It's probably true that rent seeking can be accomplished with the intervention of government as such.

I maintain that, because government is so accessible and because they carry such a big stick, the vast, vast portion of rent seeking is accomplished by subverting government regulation.

That said, I'm up-voting your reply because it is a relevant argument. I just watched a TED video with Paul Romer where he talked about the effect of societal rules on development: not just governmental laws, but broader societal norms that might prevent progress.

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Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by skorgu on Monday August 10, 2009 @03:36PM (#753838)

I concur entirely, it's a risky bargain especially considering the temptation to fight rent-seeking with more regulation with the attendant second- and third-order effects.

Well said.

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