Ritchie never spoke truer words

In that case an interim solution is needed, and I suggest that an Alternative Minimum Corporation Tax (“AMCT“) fits the bill.

Well, that’s not true, no. But this is:

Good tax systems cannot be built on the basis of fairy tales.

Quite so, quite so. And the fairy tale Ritchie has fallen for is that it is the corporation that is actually being taxed. Rather than some combination of the investors and the workers. Corporations are just convenient places to get tax money from, not the place of the economic incidence.

Thus an insistence that we must tax a company is building a tax system upon a fairy tale. And we’re not going to get a good tax system that way, are we?

13 comments on “Ritchie never spoke truer words

  1. “Corporations are just convenient places to get tax money from, not the place of the economic incidence.”

    Given how complex its all become is that still true? There must be simpler and more convenient ways to raise revenue, if we must.

  2. “I am aware some will raise objection: this is however a serious proposal to solve an international problem threatening the credibility of world markets and the companies that operate in them. It is time that solutions such as this were given appropriate attention”.

    Usually anybody making the huge claim that there is a “problem threatening the credibility of world markets and the companies that operate in them” would be asked at the very least to explain the nature of the problem and more.probably to provide research to support that claim. But that is exactly the hegemony he is intent on overturning.

  3. He has so many fucking suggestions he’s like a one man mega think tank, where all the thinking is done by imbeciles after a sleepless, 48-hour bender.

    Is there anything – anything – where the cunt is prepared to admit he doesn’t know the answer?

  4. The Nazis developed drugs to keep people awake for a week so that they could accomplish missions in one man submarines. I bet they dreamed up ideas similar to Murph.

  5. Interested: Is there anything – anything – where the cunt is prepared to admit he doesn’t know the answer?

    No, you can always rely on this intellectual pygmy to apply his bonsai mind to any subject and the result is not always felicitous.

  6. Sometimes he’s even right, somehow coming up with something worked out 150 years ago and which has been part of the canon of economics general knowledge for generations.

  7. And we’re not going to get a good tax system that way, are we?

    Since when has Murphy ever been interested in a good tax system? All he’s interested is extorting money from businesses and individuals for the benefit of the state.

  8. If only Mrs Murphy would insist that their new house needed total redecoration. Then the ceaseless flow of idiocy might slow down for a while

  9. AndrewC, coincidentally in the Graun today there is a woman asking for advice on whether to leave her husband who is addicted to “internet chatrooms” and the sounds can be heard all over the house. I immediately wondered if this were Mrs Murph and she was alluding to the thumping of his fists on the keyboard.

    https://www.theguardian.com/lifeandstyle/2016/sep/30/my-husband-uses-sex-chatrooms-and-the-sounds-can-be-heard-all-over-the-house-though-he-denies-it

  10. If only Mrs Murphy would insist that their new house needed total redecoration. Then the ceaseless flow of idiocy might slow down for a while.

    Richard Murphy with power tools.

    Not a happy thought.

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