| Dear Mayraj, Thanks for these. Replying without deep research (a bit dangerous), I think the criticisms made in these articles reflect the effort of the Ryan-Brady Tax Plan to twist the corporate income tax into something more like a consumption tax. The corporate income tax is a double tax on income and should be simple abolished. More over its is virtually impossible to administer fairly in our globalized world (from which we and the rest of the world have benefited ENORMOUSLY) All consumption should be taxed at the same rate wherever and by whomever it is produced. There is nothing protectionist about that. But I would go further and abolish all income taxes (i.e., personal and corporate income), replacing them with a flat consumption tax (VAT). I would also replace all or most all of our social safety net programs with a Universal Basic Income. Combining a VAT with a UBI results in progressive taxation relative to income: https://wcoats.blog/2020/08/20/replacing-social-security-with-a-universal-basic-income/ Warren Coats
9128 Vendome Drive Bethesda MD 20817 Home 301 365-0647 Mobile 703 608-2975 http://wcoats.blog/ http://works.bepress.com/warren_coats/ https://twitter.com/wcoats2
|