Crony capitalism? HA! In what time period, in which country has there not been such a thing as using influence to make money and using money to get influence? What is your point here? Regulations can and do reduce it, or do you not want to compare how we do business in America with how business is commonly done in Mexico?
Had I kept the rock in yard and did not advertise it, I'd still have it.
Now, you tell me how the demand of a manufactured product can be produced, transported and sold without the means of capital and suppliers.
I don't have moss rock, I have rock, the same exact rock that exists behind my house and is dumped in areas where there is no law against dumping - rock. The demand is not of "a manufactured product", it is simply demand. No one says "I really really need... a manufactured product". you are going to have to be more specific.
I personally find double taxation an offensive practice. Trouble is, VAT without income taxation is regressive because it leaves capital gains completely untouched, which is a bias in favor of all those with not just money but capital.
A completely flat income tax is fair to a first approximation, but I would prefer a step-flat system that flatly taxes all income above a given poverty line. cn
"But one thing gives hope – the visible swing in public opinion...In that spectacular disaster the working class, the middle class and even a section of the business community could see the utter rottenness of private capitalism." ~George Orwell