Hacker News Reader

The sort of already happens. Over here, businesses don't have to pay sales tax (VAT) on the goods and services they buy, because when they finally sell the item or service to a customer, the sales tax is charged in full.

So while a business doesn't pay sales on the fuel they need to deliver their goods to me, it gets paid in the end because the cost of the fuel is included in the price I pay and the sales tax is levied on the whole purchase price.

(It is a little more complicated than that. Don't sue me.)

>I believe the more common proposal is to resolve the contradiction the other way: remove taxes on corporations, as the individuals comprising the corporations generally already pay taxes.

Without a wealth tax that would just make tax evasion even easier for the ultrawealthy in the usual manner of borrowing against the equity of the stock they own.

If at the same time corporations lost their status as legal persons, I'd be very interested in your proposal.

If we remove the taxes on corporations should we also remove the shield on liability against the owners of the corporation? Why make it more transparent one way but not the other?