I am the 1%. Let's talk!

[mrstickball]

Mr Khan said:

mrstickball said:

Mr Khan said:

mrstickball said:

dany612 said:
I'm pro capitalism, I'm anti corporate greed and corruption.

So how do you enforce this 'anti corporate greed and corruption'?

-Revoke corporate personhood

-Public funding for elections (funded by a tax that would itself be lower than the amount of money large companies probably waste on rent-seeking)

-Lowered corporate tax rates across the board that are offset by a ban on all possible tax loopholes or, barring that

-VAT in lieu of a corporate tax, gauged at a level to bring in equal revenue from US-based companies as well as additional revenue from pure imports

How do the last two effect greed or corruption, exactly?

The ability to acquire loopholes or special treatment for industries x, y, or z, namely in terms of taxation or trade duties, provide the main incentive for these companies to seek influence in the first place. If all exceptions to tax payments are pushed off the table, then it would reduce the desire of corporations to lobby or try to gain influence.

If you cannot influence candidates or get tax breaks, why lobby?

The only points of government intervention i'd leave in are the possibilities for subsidies in emerging industries with a strict definition of what qualifies as an emerging industry

Also a constitutional amendment enshrining certain environmental regulations as untouchable

 

And there's the anti-capitalist statement. In by doing so, you've already prevented businesses from certain activities and industries. The only regulations that must be 'untouched' is when an entity actively endangers or destroys another's property in a tangible way. In such a case, its already codified and does not need additional regulation.