Comment

RI Sen. Whitehouse Pleads for Republicans to Stop Denying Climate Change, Right Wing Goes Nuts

250
Obdicut (Now with 2% less brain)5/21/2013 4:04:02 pm PDT

re: #248 EPR-radar

Back in the day (and also today, to a slightly lesser degree), by bribing state legislatures. Also, political contributions, hiring lobbyists, etc.

I’ve completely lost you.

Right now, a corporation can, as long as they reinvest the money in the corp, not pay taxes on income, because it’s not profit. They can therefore get wealthier and more powerful over time. This is not stoppable by taxation on profit. All taxation on profit can do is put a disincentive to hoarding money— but a huge incentive to tax avoidance through arcane schemes. A cap on hoarded cash is much more difficult to dodge, and is also a big disincentive.