Business investment and lower than expected imports. I say this is partial confirmation of the corporate tax cut.
Corporations are a liquidity contract, corporations agreeing to a set of regulations that allows fair comparison in an auction setting. By itself that seems a net plus, a thin but useful layer. Equivalent to force round robin access to tradebook and distributing a known, bounded market uncertainty.
Why tax it more heavily? Other factors come into play, like the market becomes intertwined with the government debt markets, not necessarily free entry and exit. Look for net effect on government tax revenue. Relative deflation can harm the sales tax income a bit.
Corporations are a liquidity contract, corporations agreeing to a set of regulations that allows fair comparison in an auction setting. By itself that seems a net plus, a thin but useful layer. Equivalent to force round robin access to tradebook and distributing a known, bounded market uncertainty.
Why tax it more heavily? Other factors come into play, like the market becomes intertwined with the government debt markets, not necessarily free entry and exit. Look for net effect on government tax revenue. Relative deflation can harm the sales tax income a bit.
No comments:
Post a Comment