What is corporate capital?
According to Steven Landsburg, the answer is to cut capital taxes, and he makes a good case:
There are only three things you and I can do to make the future world a better place. First, we can consume less, leaving more resources behind. Second, we can work harder, planting trees, building factories and writing poems that will live on after we’re gone. Third, we can innovate, advancing science and technology so that our children’s children’s children can make better use of the resources they inherit.
As it happens, there’s one key policy variable that drives all three of these things, and that’s the tax rate on capital income (which includes interest, dividends, corporate income and capital gains). Capital taxes are a disincentive to save, and when people don’t save they consume instead. Capital taxes are a disincentive to work and a disincentive to innovate.
This is not a plea for lowering taxes in general, and it’s not a plea for making the tax system either more or less progressive. (If you want to soak the rich, there are plenty of things to tax besides capital.) As a matter of fact, this isn’t even a plea for lowering taxes on capital. It’s simply an observation that if your goal is to leave a better world for our descendants, then your best bet is to support lower capital taxes.
You might also like:
Blowback: The Costs and Consequences of American Empire
from the book
The Costs and Consequences of American Empire'
by Chalmers Johnson
Henry Holt, 2000
It is past time ... for Americans to consider why we have created an empire - a word from which we shy away - and what the consequences of our imperial stance may be for the rest of the world and for ourselves.
For an...eals with rich East Asian countries, even if they do not want to end them; reemphasize the 'defense' in the Department of Defense and make its name fit its mission; unilaterally reduce our stockpile of nuclear warheads to a deterrent level and declare a no first-use policy; sign and ratify the treaty banning land mines; and sign and ratify the treaty establishing an international criminal court.
How to License or Sell Your Invention with ForSaleByInventor.com — Virtual-Strategy Magazine
This new web site's goal is to make licensing and selling Intellectual Property for the individual inventor and entrepreneur much easier and cost-effective. The site has a private, industry-only section for inventors to exclusively offer their …
HTC files two counterclaims against Apple in Florida — tuaw.com
Both patents were apparently licensed or sold to HTC through HPs program for selling intellectual property. Yes, you too can license or buy these patents, then go to court to sue anyone who seems to be even partially infringing on HP's your …
Corporate Treasury and Cash Management (Finance and Capital Markets Series)
Book (Palgrave Macmillan)
Managing Bank Capital: Capital Allocation and Performance Measurement, 2nd Edition