So writeth Jane Galt (not the first time she’s clamored for this).

While undoubtedly the discovery that most of the tax burden falls on employees will be for some a strike against the tax, and for others a sign that we need some stiff laws to force those corporations to place the burden elsewhere, it seems to me that this piece of information makes the corporate income tax no less attractive than it was before–which is to say, not at all. Levying a corporate income tax is a very inefficient way to do what we want, which is to redistribute money from the company’s richer owners, customers, and managers to its poorer employees.

(All right, maybe we don’t all want to do this; no doubt many of my readers are even now cringing in horror at the thought. But let us posit, for the sake of discussion, that we do want to do this, because that is at heart of all the arguments I have ever heard in favour of the corporate income tax, and even assuming the ends, the means make no sense.)

I agree. The corporate income tax is nuts, and arguments for it are born purely of economic ignorance.