You must pay the price if you wish to secure the blessings.
—President Andrew Jackson
IT COSTS MONEY TO RUN A GOVERNMENT, AND THE MORE YOU WANT THE GOVernment to do, the more it usually costs. One point to consider is how much do we want our government to do? Another is, who should pay for it? Tax policy is how government funds its services and also one way it fulfills the will of the people who elect it by providing tax incentives or disincentives for particular types of behaviors. Consider how home mortgage interest deductibility has fueled home buying, for example.
As we have seen, starting well before Santa Clara, some companies have worked hard to get out of paying for anything, including taxes. Some even spent years ...