What other expectation do you have from capitol investments or expanding research? Both are drivers of productivity and job expansion. By your own statement you claim the "evil" corporations will take these actions, yet you fail to realize the job growth associated with these actions.
"Unfortunate that the author did not allow for the effects of greed by the large corporations."
Ah, now the true jealousy of your statements has been made clear. Class warfare is the single most affective tool at maintaining the current system of socialistic tax schemes.
What other expectation do you have from capitol investments or expanding research?Our current system reduces the risk (and return at the same time) of investments and R&D by allowing businesses to write off investment losses and R&D costs. Without these write offs, bad investments will go straight to the profit/loss of the company. And any R&D that doesn't pan out will be a total loss for the company. How this would affect a company's decisions is anybody's guess, but it wouldn't be far fetched to think that due the greater risk, investment and R&D would decrease.
You are putting words into my mouth!
I never said "evil", I said "greed" and "large"
Small business really does not have much opportunity to manipulate the system.
Take an open eyed look at how some corporations have established virtual monopolies, particularly in rural area's, and then tell me that there are no justifications for my concerns!
No "class warfare", just a realistic appraisal of the fact that some people and corporations will try to twist ANY system to their personal advantage, no matter if they already dominate their market or not.
As for "job growth", we would have all the jobs we could want NOW, if we would just get rid of the illegal invaders already here.
I never said the idea had NO merit, only that it has not been fully thought out.
I suspect we would end up with the IRS merely having a different mission statement, ensuring that EVERY possible sale gets taxed, including the kids lemonade stand, your used car, and your spring garage sale.