Stop Me Before I Vote Again

Should limited liability corporations -- those ghostly contrivances of our Victorian legal system -- pay taxes on their "income"?

Of course they "should", but as suggested here, in many cases this question is moot. They don't pay any stinking taxes; in fact they often get unearned credits -- subsidies for what? Hell, I don't know. Prolly for just being so damn big and nasty.

But be that as it may -- if they are in fact non-persons why should they pay taxes? Many better ways to do this, of course -- that is, if you want Uncle to more effectively soak the rich and famous.

I wonder at the radicals that work themselves up into a deep-fryer state over the tax system's infernal class tilt. (I hear Oxy or Flug sayin' "what else had they expected?")

The record is clear: if you want to tax the elite -- really tax 'em -- you know, get money of theirs out of 'em, you gotta surprise 'em. Attack on an open flank. The only decent tax attack has to be predicated on one principle: it takes time for their spear bearers and retainers to come up with the right new spears. In the interval you can milk 'em... some.

But I say leave this to the pwog wonks and extortion shysters that love this war by green eyeshade. For us warm-blooded red-hots, I say forget about it. Don't be like this class-piety equity geek writing in Dissent:

I Just Paid More Taxes Than Most of Corporate America

If recent trends in business taxation hold, when I finally get around to writing the check and putting my tax return in the mail, I’ll be contributing more in federal income taxes than the bulk of all U.S. corporations.

Of course, that’s not saying much. It’s not hard to chip in more than zero dollars..."General Electric, the nation’s largest corporation, had a very good year in 2010.

"The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

"Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

Hey, let me be perfctly clear on this: I love playing taxman class avenger maybe even more then most leftoids. After all, I'm a poli-econ-con who in my earlier tossed salad days studied -- in as much as I did study -- under the great and glorious wizard Wild Bill Vickrey.

Yes, indeed. In fact my very first blog entry, by time of actual composition, was on a wealth stealth tax. But please. It's sticky-fingered pipe dreaming and as we all know well, most job folks don't give a damn. They aren't that envious, not like us failed meriters are, anyway. Job class helots just want their own taxes reduced, and it oughta be only in that context that we talk about raising taxes on Nathan Arizona Detroit -- only as part of a massive shift of class burden worth trillions up and down.