The size of the business is exactly equal to the gross revenue it generates by definition. Also, I don't see why capital intensive industries should receive special favour over labour intensive industries. Finally, I do buy the "payroll tax discourages employment" angle; at a flat-rate of 5.25% it discourages exactly that much employment.
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Date: 2005-10-30 10:15 pm (UTC)The size of the business is exactly equal to the gross revenue it generates by definition. Also, I don't see why capital intensive industries should receive special favour over labour intensive industries. Finally, I do buy the "payroll tax discourages employment" angle; at a flat-rate of 5.25% it discourages exactly that much employment.