The Revenue Wealth tax on corporations / by kevin murray

It is well to remember that corporations are artificial  creations of the state, which sanctions such, and since corporations have the ready capacity to exceed in their existence, far beyond the normal lifespan of any human being, it is thus absolutely critical that the government, on behalf of the people, thereby make sure to treat and to deal with corporations in a way and manner, that these perpetual entities do not, as time goes on, become too powerful, controlling, and basically dominating that which they have been created to serve for the overall beneficence of the people, but never to lord over.

 

For a given person to create and to thus maintain a dynasty, it has to be taken into fair account  that this person has been subject to not only income taxes during their time on this earth,  but also upon their death, they are thus subject to an estate tax, which helps therefore to redistribute a portion of their wealth to that which provided them with the opportunity to make such wealth, in the first place.  In other words, those that create and maintain wealth, while they are alive, are entitled to do whatever that they so desire to do with such, subject to mankind’s laws, but upon their demise, a portion of that wealth should be redistributed to that society, for this earth and our society belongs to the living, and should never be left in the control of, in essence, the hands of the dead.

 

The proximate problem with corporations, is that there is no set end time for those corporations, which is why some corporations, have been around, not just for decades, but have actually seen some of them be in existence for centuries.  This thus signifies that since corporations, are not subject to an estate tax, that they should, in lieu of having to suffer an estate tax, as well as in consideration, that the larger that a corporation gets, the more powerful it so seems to become, that corporations, need to therefore be charged an annual revenue wealth tax, based upon their size. 

 

A fair wealth tax for corporations would be so proposed as follows: that all those corporations in conjunction with their subsidiaries that have an annual revenue of less than $100 million would not pay any revenue tax at all.  Those with revenues of $100 million to $500 million would pay .5% as an annual revenue wealth tax, those with $500 million to $1 billion in sales would pay 1%, those with sales from $1 billion to $10 billion would pay 2%, and all those with revenues above $10 billion would pay 3%.  This would seem to be more than a fair price to charge those large corporations that have an undue influence upon governmental policy throughout America, and would thus serve as their direct contribution to that society which permits their existence as artificial entities.  For all those corporate executives, who would raise a hue and cry about such, the alternative to such a revenue wealth taxation program, would be to simply dissolve such complaining corporations, of which, it has to be acknowledged, that as artificial creations of the state, corporate existence relies solely upon and at the behest of governmental authorities.