Source: Tesla Motors
quote: The problem is they can vote, not as a single owner votes, but through the population that works for or purchases from said company. Stock holders also get votes, the union workers (if there are any) also get votes.
quote: The reason it won't work is because income made from investing is taxed at a lower rate than income.
quote: Perhaps all profits every year must go to the share holders unless it will be used in the very near future to re-invest..
quote: Also, I think there would have to be some rules regarding subsidiaries in other countries and how income earned elsewhere impacts people here.
quote: Right now a company gets a tax break on creating jobs here, but if there were no taxes, why not move your company to Canada and sell the product in the US (if there are some expenses in Canada that are cheaper than the US).
quote: That makes sense, but I don't see how we'll get out of the current economic mess and deficit if corporations aren't required to contribute to the fix.