If Trump is elected, he pledged to cut the corporate tax rate to 15 percent. It

2024. 10. 28. 19:27U.S. Economic Stock Market Outlook

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If Trump is elected, he pledged to cut the corporate tax rate to 15 percent. It is the lowest corporate tax rate in the world like Ireland.  

This is scary, because reshoring accelerates further, which means that capital investment from around the world is flocking to the United States.  

Korea's progressive leftists misunderstand corporate taxes and corporate tax rates, which they think should be raised and received as much as possible. (It would be good for public officials and employees of state-run firms.)

No matter how much they show the case of Ireland, no matter how much they show the case of Texas, no matter how much they show the case of Germany, they turn a blind eye.

Until recently, Ireland received a corporate tax of 12.5 percent, which is effectively 0 percent for several strategic partners such as Apple and Google. Last month, Apple and Google were given an EU ruling to cough up 23 trillion won (approx...

Ireland has now given in to EU pressure and raised its corporate tax rate to 15%. Ireland could leave the European Union and live as a member of Asia if EU interference intensifies.

In any case, thanks to the abundant tax sources in Ireland, the number of corporate taxes has increased and high-end jobs in new industrial technologies have been secured, making the people live well.

As the economy continues to grow, the Irish become optimistic about the future, and of course, the population grows rapidly.

What if the United States, the world's largest economy, emulates such Ireland?

Through an experiment in Texas that zeroes not only corporate taxes but also personal income taxes (only federal income taxes are paid), it was empirically confirmed that collecting less taxes on individuals and businesses guarantees the prosperity of the country and the well-being of the people.

Less tax revenue does not mean less tax revenue for individuals and businesses. Tax revenue can be increased by working harder and producing more. A tax cut policy can also promote a tax increase.

Trump is fast at such things because he is a businessman.

Since its history, countries that collect less taxes have flourished regardless of age or history. Neoliberalism has shown the essence and formula of national prosperity and people's happiness while minimizing taxes on welfare as much as possible.  

Korea is a non-solicited country. They regard neoliberalism, a formidable rival, as a thief and an enemy of the people.

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