E016 Regressive Corporate Tax Destroys Free Market [递减企业税破坏自由市场] DrJLT Economics

The corporate tax situation in the US must be seen in the light of its numerous loopholes: The rates are too high for small businesses but too low, or non-existent, for large corporations.

I suggest that the correct corporate tax should either be a flat tax or a progressive one, in the sense that small businesses pay less while large corporations pay a higher rate.

The current situation is as it is because the US legislature is deeply corrupt. They have completely destroyed the free market: instead of protecting competition, they are actively choosing the winners (large corps) and losers (working and middle class as well as small businesses).

Other countries who want to learn from the US must be alert: The US became the greatest economic power because 1. It had a strong legal system, and 2. It had free market. Now, the US has a corrupt legal system with a rigged market, and this is why it is doomed.

Related video: https://www.youtube.com/watch?v=bgK84xepAdA

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