Friedman-Reich FAQ > Friedman-Reich > Who might be against such a proposal?
Search the FAQ for entries containing:
Just look at the list above and see the vested interest!
- Lobbyists, who will be put out of business;
- Corporations who will lose their ability to lobby and challenge laws (although we hope they see the price they pay for the right to lobby and they will accept the positive trade-off for their shareholders);
- Litigation attorneys who will lose corporate clients;
- Tax attorneys and corporate tax accountants who make a living helping corporations avoid income taxes;
- Politicians who will lose corporate donations and other favors that will be eliminated with lobbying;
- Congressmen and women who prefer to slice the tax code and dole out subsidies to special interests;
- Specials interests who like receiving those tax credits, subsidies, deductions, and other favors from the government (read: the indiviudal taxpayer);
- State government who will have to follow the Federal taxation of corporations;
- Hedge funds who will lose the shelter of paying lower capital gains taxes on their profits;
- Private citizens who may believe that if businesses don't pay taxes, individuals will pay more, without realizing that individuals are already paying corporate taxes, indirectly and twice, as well as through higher prices and through subsides that come from their pockets.
Yes, it is uphill. What works in our favor, though, are:
- The country's weariness with bailouts and stimuli that don't work;
- Conservative support--Larry Kudlow, for example is for the proposal--and we need to get other Conservatives with microphones to support it;
- The support of the idea by Liberals too, such as Robert Reich, an advisor to Mr. Obama, and Lester Thurow of MIT.