High Corporate Tax Rates?

U.S. Corporations pay the highest corporate tax rates in the world. I will explain why this is logical and good. U.S. corporations have the unchallenged use of the Federal Government as a tool to create, define and manage the markets they operate in. Corporations are responsible for creating almost all of the legislation that comes before congress. Loose monetary policy has provided corporations with profit margins that are far greater than what would occur in a free market setting.
Actually a corporate tax rate of zero would make sense in another set of circumstances. If congress was to do away with all corporate subsidies and begin to serve the interests of their constituents a zero tax on corporate taxes would benefit everyone.
As it is corporations need to pay highly for the benefits they extract from the rest of the country by using government as a business tool.

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact: news@quillian.net
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