re: #250 Bert’s House of Beef and Obdicuts

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.

Is the disincentive here the low rate of return on the hoarded cash if forced into the US savings bonds?