does this or that argument mean that we should all continue to pay 70 TIMES more tax than we have to?
How do we pay 70 times less tax under APT?
Incidence of tax burden is not on who submits the check by law, it is a consequence of demand elasticities in the economy passing down to the various factors of consumer, laborer or capital investor/owner. We are all individuals competing and transacting in all markets directly and in our proxies of business.
The government's bill is paid by us all, how can the government survive on 70 times less revenues for the individuals making up the populace of the nation on which the incidence of all taxes must fall?
If we could get by with 70 times less tax (whatever that means), why not just reduce income tax rates now?