If we could get by with 70 times less tax (whatever that means), why not just reduce income tax rates now?
There seems to be a misunderstanding about the 70 Times figure. This comes form the fact that the APT tax base is approximately 70 times the current individual and corporate adjusted groo income tax base. Sure there well be some past throughto the individual but most will not. Because the tax is relatively so small much of it will be taken up by the market forces and bidding process.