S7 E11: Better Capitalism?
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Taxing Corporate Profits and Financial Transactions
- One proposed strategy to better utilize corporate profits involves increasing taxes on them.
- The 2017 tax cuts significantly reduced the corporate tax rate, and further reductions have been suggested.
- Conversely, some advocate for raising the corporate tax rate.
- John Fullerton suggests a tax on financial transactions to curb unproductive use of capital in esoteric financial instruments.
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