> Corporate tax seems like double taxation, and its existence seemingly means that all companies have a lower margin than they would otherwise, meaning that they need to charge higher prices to be equally profitable. For companies that sell products to consumers, one would presume this would result in higher prices for everyday items.

Isn’t this a good thing? The core reason for incorporation is to have limited liability, leading owners to have a limited potential downside, and unlimited potential upsides.

But the downside is still there, it’s just externalised.

Corporate tax seems to be a fairly reasonable approach to paying for this liability insurance.