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Ben Folds/Nick Hornby: From Above

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schnapp12/08/2010 9:30:58 am PST

re: #329 Obdicut

Yes but labour will always be less mobile. That is why corporate taxes end up hurting workers more. The best taxes are the ones on immobile sources like land.
Workers ultimately pay the corporate tax.
And a tax on profits just make the marginal product of workers diminish at a faster rate once the break even point is reached where the company starts paying tax, because marginal returns are always decreasing.