Bofferbrauer2 said:
By that measure Luxembourg would be a communist country, considering that the state has a stake in every single major Luxembourgish company. And that's in general between 30% and 50% of the company, so more than a blocking minority (which is around 15%) and enough to have a say in operations of the company. That said, they tend to be rather hands-off with those companies unless shit hits the fan. And in some of those cases, the state has actually helped create those companies in the first place, like SES for instance. The best part: From the dividends the state is earning tens of millions each year from those companies additional to the taxes they pay. Which is one of the reasons why Luxembourg has lower taxes: the income from those companies dividends actually amount to a couple percent of the total income of the state, so the taxes can be lowered yet not lose out on income. |
Americans' taxes aren't going to be lowered at the federal level because of whatever profits Intel makes. That money is going straight into the pocket of the donor class. On the other hand, American taxpayers will eat whatever losses Intel incurs.
At the state level, some states don't have an income tax. Texas and Florida don't. Texas has oil, Florida has tourism. Nevada also doesn't have an income tax due to tourism, though Vegas's tourism has cratered this year because... well, you know. On the other hand, they make it up with some of the worst property taxes in the country, extensive toll roads, and during the 2021 ice storm in Texas, the state's power authority, ERCOT, slapped a lot of customers with bills in the thousands due to the pricing algorithm.
Alaska has the Alaska Permanent Fund, which is a sovereign wealth fund that pays all qualified residents a dividend based on resource extraction. However, this dividend was $1702 last year, which, given the high cost of living in Alaska, basically amounts to a windfall to catch up on bills or blow it on fun stuff.
