Of course it’s already been turned into a bonanza for many corporations, but it could instead be privatized in a costless and, perhaps, effective way. Here’s Fred Foldvary’s suggestion. (undated, but apparently from several years ago)
The Tax Foundation says:
In 1996 the Congressional Budget Office reviewed a number of studies examining the efficiency losses associated with the corporate income tax and found that they probably exceed half of corporate receipts
If any profit-seeking corporation that I owned stock in missed an opportunity to save $1 in taxes by wasting 99c, I’d be a bit upset.
Come on, guys, this corporate income tax makes no sense, nor does any other kind of tax on productive labor.
Can you alleviate poverty by relocating housing-aid recipients away from concentrations of poverty? Georgists know that this can’t solve the problem, but perhaps it could help the individuals who are relocated.
Joseph Freed & Associates has bought the retail and transit portions of Mills’ Block 37 project. Apparently what they bought is the right to build the retail space and the transit station (How does one make money from building a transit station? Maybe one gets taxpayers to pay for it?). Price “undisclosed.” Reports from Crains, Tribune, Sun Times.