Reply #111: Holy toledo you wrote a long response....but I will be short... [View All]

[fuzzyball]

Yes by "Individual" I meant individual homo sapiens.

Basically where we differ is that I do not see anything wrong
in "greed". That is what makes the free market system work. If Bill
Gates was not greedy, he would have never bothered perfecting the
Disk Operating System for PC's. He recognized the importance of that
system to future of personal computers and acquired the rights to
license it to IBM. Sure he made a lot lot lot more than so many others
who developed much more ingeniuos software, but so what. Millions of
people benefitted and Gates simply exploited the need.

My whole point in this discussion is....let the "greedy" as you call them,
make any amount of money they want, with the caveat that it is done in an
open and free market and free competition environment. We, the general
public will extract our dues from those individuals in the form of a fair
personal tax rate structure.

Trying to tax the corporation makes it unnecessarily complicated. Do you
realize how many corporate accountants are there trying to fudge the taxes?
How many at the IRS spend millions of man hours every year trying to
decipher the tax returns of General Electric & GM & Exxon? And these
corporations spend tons of money on such things as 3 martini lunches and
other dubious "tax deductible business expenses". I am speaking from
personal experience having spent 23 years in a corporation as a midlevel
manager. All that will be discouraged, if there is no tax to begin with.
And all this money from lack of corporate tax has to go somewhere. It will
either go to pay more to employees or buy more equipment. The additional
pay will be taxed at personal tax rates and the money spent on equipment
always spurs more business activity and more jobs.