High corporate profit taxes lead to lots of innovation because what else are you gonna do with all that money? Give it to the govt? No no, better pay a bunch of super smart people to just do stuff, maybe they’ll find something.
Everything else is downstream of that
https://slate.com/business/2012/07/xerox-parc-and-bell-labs-...
With high corporate tax rates companies are incentivized to invest in tax deductible expenses like: research, employee training and retention benefits, building factories, etc.
Higher taxes are good for the country. Lower taxes are only good for wealthy individuals, and only in the short term.
That sort of topic requires an active argument of the form "this is why they did that". IE, identifying how Bell's owners and operators were profiting from the work. It probably wasn't by running skunkworks and research labs.
And, carthago delenda est, the big change in the US has been the transition to a service economy and financialisation. Since research isn't likely to help that sort of economy but is in an industrial economy this change seems like an obvious candidate for why it got rolled back. Doing research while trying to be a cutting edge producer makes sense.
Yet Bell Labs was jointly owned by AT&T, which provided telephone service, and Western Electric, which made the equipment used by AT&T to provide telephone service.
Maybe your claim is the opposite of the evidence.
I also think dividends should not be taxed by corporations, and only taxed as ordinary income by stock holders.
I’ve been told I’m a crazy socialist.
How else are they supposed to raise the stock price without actually improving the business in any way?