Bartlett and Steele in Time

[Max Sawicky]

> Has anyone seen the cover story in Time this week?  It's an 
> investigative piece by Brad's favorite reporters, Bartlett and Steele, 
> on corporate welfare.  It's really amusing, if only for the ideological 
> blinders it exposes.  They go on and on about the various forms of 
> blackmail corporations use to extort bennys from state, local, and 
> national governments, but go out of their way to claim that the 
> corporations, who are after all simply following thier god-given right 
> to maximize profits, are not to blame - it's the governments that cave 
> in!  Their solution?  Eliminate corporate taxation, to lessen the 
> temptation!

As long as capital is mobile and the U.S. is federal,
competition is inevitable.  How much revenue is involved
is open to argument.  As a wise old man I once worked for
has pointed out,
the era of mobile firms and so-called tax competition,
roughly since 1980, has not resulted in any diminution
of tax revenue to the state-local sector.  It has
actually increased slightly, as a share of GDP.  I grant
that the tax burden may be somewhat more regressive,
but it couldn't be much.

Where do B&S say to eliminate corporate taxation?

MBS