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Who Pays the Corporate Income Tax?

Posted on May 26, 2022 by John C. Goodman

ILLUSTRATION: DAVID GOTHARD

Phil Gramm and Mike Solon in the WSJ:

the idea that rich capitalists own corporate America is largely a progressive myth. Some 72% of the value of publicly traded companies in America is owned by pensions, 401(k)s, individual retirement accounts, charitable organizations, and insurance companies funding life insurance policies and annuities. The overwhelming majority of involuntary sharers in stakeholder capitalism will be workers and retirees.

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For many years, our health care blog was the only free enterprise health policy blog on the internet. Then, when the NCPA closed its doors, the health blog stopped as well.

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