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Paul Dandurand's avatar

Let's assume we lived in a world that understood we don't need "pay for's".

Then,

Do we need to tax corporations at all, if we

1) greatly increase individual taxes for the wealthy corporate shareholders, executives, and all other super rich people to reduce their political power and the income inequality gap,

2) make lobbying illegal

3) make corporate donations to political parties and individual politicians illegal

4) eliminate individual influence on public policies by making it illegal to donate more than 20 bucks to political parties and politicians,

5) limit corporate executive pay to x% of the lowest paid employee (not sure what that % would be, but we can figure it out)

6) make it illegal to allow politicians who exit office to land cushy jobs or get freelance consulting gigs for corporations

7) require corporations to include an x precent of labor representative on their boards

8) enforce the above

Note that "corporations" should include any business entity including shell companies, proprietorships, non-profits, etc.

I got most of these ideas from reading a great book called "The Deficit Myth".

Ps. I didn't include regulations to enforce corporate behavior for society benefits since that would stretch the scope of the taxing corporations topic even more.

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Mark Heinicke's avatar

Thanks, Andreas. Very interesting. I'll check out your links when I have some time away from work. I'm a big fan of pumped hydro where it can be placed. There are not many places where facilities can be put near population centers in the U.S. without moving a lot of people and losing a lot of wild habitat. Battery storage is expensive and lithium mining is hard on the environment. Mining a ton of lithium uses 500,000 gallons of water and many of the places it is mined are arid.

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