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Well, I much prefer a democracy to a capitalocracy (the rule of capital). Maybe that's hard to achieve on a local level though, without making some sacrifices i
by capisce 12y ago
Well, I much prefer a democracy to a capitalocracy (the rule of capital). Maybe that's hard to achieve on a local level though, without making some sacrifices in order to become self-reliant. Only globally could we deal with the threat of capital fleeing when faced with unfavorable policy.
- danielweber 12y agoAny system that has a property of "people could run away from it, so let's expand it so they can't escape" is very suspicious to me.
- pcrh 12y agoThere are endless efforts by various nations to harmonize taxes on corporations and profits, so that there would no benefit in moving from one jurisdiction to another. The EU is successful in this to some extent, but only on member states. On the other hand there are also endless efforts by individual countries, states, counties or cities to attract business by offering the inducement of lower taxes, causing businesses to shop around for the lowest tax jurisdiction. What one prefers is one thing, how to achieve it is another..