Borders highlights Walter Williams’ take on envy politics and corporate taxation

Max Borders‘ latest Ideas Matter update features a video clip from Walter Williams that highlights a theme familiar to readers of Roy Cordato‘s work: corporations collect taxes but don’t pay them.

[D]o companies pay taxes?

Professor Williams says no. Corporations are but tax collectors. The idea of lowering corporate taxes would make the occupiers howl with rage. But as Professor Williams says: people pay taxes. That is, you and I do in the form of higher prices and lower returns in our 401ks.

Even if we could agree on the level of collection/revenue necessary to keep basic government services going, it would be far more efficient to collect taxes through other means. I personally like consumption (sales) taxes.

Note: United States corporations pay the 2nd highest tax rates in the world. No wonder CEOs are moving their companies overseas and sheltering their dollars offshore.

Mitch Kokai / Senior Political Analyst

Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...

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