Don't Lower Corporate Taxes, Abolish Them
I think the main argument for abolishing corporate taxes is that they&#x27;re inherently regressive, if we assume that the taxes get passed on to either consumers (who may be poor) in the form of higher prices, or investors (like grandma holding retirement shares) in the form of lower stock prices.<p>There&#x27;s certainly an argument to made that corporate taxes should be abolished, and personal taxes increased instead (income and capital gains), where we can ensure that the equivalent amount of taxation is applied progressively, through higher tax rates on the rich.<p>Because the key thing to remember is, corporations don&#x27;t exist on their own -- they have human owners. So if you tax the rich owners directly, instead of taxing the corporation, you can get the same money but with finer-grained control -- you can progressively tax the rich owners more, and grandma&#x27;s pension less.<p>(Of course, if you don&#x27;t believe in progressive taxation, then corporate tax, sales tax, property tax, etc. are all just fine.)