That a better solution would be to phase out corporate taxation, which is only a cost
that firms pass on to customers and consumers.
Ending corporate taxation would mean either enormous cuts in public spending or large
increases in taxes on individuals.
Given that corporation tax raises between 1 and 3 % of GDP in most industrialised countries its absence would not lead to either enormous cuts nor an enormous rise in taxes on individuals (who, as the tax incidence argument already notes, carry the burden anyway).
For example, Sweden has cut the burden of government by fully 15 percentage points of GDP in recent years. And it\’s not as if they\’re doing badly, is it?