Lefties trying to understand Smaug
(media.kotakuinaction2.win)
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No. Fuck no. Jesus christ almighty NO. Death taxes are literally the worst form of tax. Corporations don't fucking die. But mom & pop sole proprietorship shop owners do. What you're suggesting is more of what is already killing small agriculture and consolidating power in the hands of less than a dozen agricultural conglomerates. It's incredible how you can bring up that story and not connect dots about what your proposal would do.
Corporations die all the time by going bankrupt, at around 25 years on average. So most of them die earlier than people do.
In capitalism a corporation is a measure of meritocracy; if it outcompetes other companies it continues, if it gets fat and inefficient and makes poor decisions then it dies.
Look at Disney or Anheuser-Busch - they're doing everything in their power to die by making bad decisions.
What you're objecting to is capitalism where the meritocracy has been removed, like ours today. For example, consolidation eats the small proprietors instead of the other way around because the small ones can't succeed by being better, higher quality, more efficient because the large players just keep them off the shelves. Even a medium sized RC Cola can't compete with Coca-Cola because anti-competitive practices keep it off the shelves or very limited quantity.
Corporations do not pay a death tax every time the farm changes hands. If you do not see the difference there is literally no point in conversing with you.
No shit. Corporations are not people, why should they be taxed the same?
Do you think people should have to pay capital gains on their net worth because some corporations do? We shouldn't have S corporations because people don't have shareholders?
What a dumb argument. There are problems with estate taxes like farmers' children having to sell land to pay for the tax, but there's also good sides at least discounting loopholes like fewer people with huge amounts of unearned wealth.