Spending hundreds of billions of dollars per year on totally inefficient and wasteful compliance with an antiquated communist income tax is "good economics" according to you?
Granting foreign companies massive advantages over our firms, not only globally but in our own market, is "good economics"?
You must have went to Clown School.
Basic economics?Hundreds of billions of dollars are not "spent" every year on compliance. If you understood basic economics you would know that when an economist says "cost" he doesn't mean money out of pocket (that would be an "expenditure"). To an economist, people reading this thread "cost" several thousand dollars.
Spending hundreds of billions of dollars per year on totally inefficient and wasteful compliance with an antiquated communist income tax is "good economics" according to you?