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One of the ironies of the US tax code is that in terms of absolute numbers large numbers of corporations don't pay corporate income taxes because they claim profits as personal income.  The US S Corporation is the most common here.

By separating out the charge for limited liability insurance from the idea of taxation, the double taxation argument collapses, and you can defeat the neo-libs in the market.  Because no private insurer is going to offer policies that limit liability to market capitalization at the rate that the government can.

Make the neo-libs eat their own shit.  They want the market to provide these things, let them try to show that it can be done.  Then laugh when they are forced to come crawling back to the government to ask that they be allowed the privilege of what they now feel entitled to.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sun Sep 21st, 2008 at 01:39:13 PM EST
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