Shall We Tax Corporations or Business?

Corporations were first taxed as a means of retaliation for presumed public exploitation. Such taxation has been continued on the basis of expediency rather than justice. Tax on corporation or business cannot be defended on basis of ability since ability is a subjective concept and applies only to persons. Tax on business can be defended on the basis of the contribution of society to the success of business, whether it be individual, partnership, or corpora-tion. The levy should be a progressive rate upon the surplus above a fair return upon the individual's expenditure of energy or savings. Individuals, as such, should be taxed in addition to this. Such a business tax would aid as a business stabilizer.