Oh I agree with that. And I was not saying the corporate tax was too high necessarily. I was wonder if that was his point or not.
The tax code in general is full of too many loop holes and needs simplified. Think how much man hours we waste paying IRS agents to see if the returns of these large companies are in compliance or not?
Why should you believe Stiglitz, when he’s just cares about what’s owed to
the bankers, not the public?
ie. When someone talks about public debt, the first question, always, have
they included all the debts?
if not, they are just engaging in a game of fantasy economics. As relevant
to the real world as fantasy football. An intelectual exercise that bears
no relationship to the real world.
Now if they really printed the notes, then you could burn them, for heat.
This is the only kind of “trickle down” that works - and Ray Gun’s Team was snickering cuz they knew this back then.
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