The producer/parasite dichotomy has obvious problems. What about farmers and factory workers who owe the continued existence of their jobs to tariffs and other regulatory barriers making in the process the rest of society worse off? Should one prefer them to upper class professionals because they drink beer and eat burgers instead of eat…
The producer/parasite dichotomy has obvious problems. What about farmers and factory workers who owe the continued existence of their jobs to tariffs and other regulatory barriers making in the process the rest of society worse off? Should one prefer them to upper class professionals because they drink beer and eat burgers instead of eating foie gras with Sauterne? (I understand that upper class professionals in many US cities are banned from eating foie gras but this is still possible in Europe)
Are those who thrive by taking advantage of its loo-holes parasites?
Generally yes.
Does this mean that a responsible producer corporation should not take advantage of laws as written and do things that minimize their taxes? No, of course they should be proper fiduciaries with their shareholder’s capital.
The distinction is in whether they thrive BY such actions or take them as part of being responsible producers.
I doubt very many thrive by either alone, and I'd just as soon not have the government making the distinction. The solution is fewer loopholes, not more bureaucrats plugging them with more loopholes.
The producer/parasite dichotomy has obvious problems. What about farmers and factory workers who owe the continued existence of their jobs to tariffs and other regulatory barriers making in the process the rest of society worse off? Should one prefer them to upper class professionals because they drink beer and eat burgers instead of eating foie gras with Sauterne? (I understand that upper class professionals in many US cities are banned from eating foie gras but this is still possible in Europe)
And so all the producing conglomerates that earn tax credits that cancel their corporate tax or keep all their profits overseas are also parasites?
Well ... government is the ultimate parasite. Are those who thrive by taking advantage of its loopholes parasites?
Are those who thrive by taking advantage of its loo-holes parasites?
Generally yes.
Does this mean that a responsible producer corporation should not take advantage of laws as written and do things that minimize their taxes? No, of course they should be proper fiduciaries with their shareholder’s capital.
The distinction is in whether they thrive BY such actions or take them as part of being responsible producers.
I doubt very many thrive by either alone, and I'd just as soon not have the government making the distinction. The solution is fewer loopholes, not more bureaucrats plugging them with more loopholes.