There's lots of fear out there too - dont put too much pressure on the corporations or they'll simply up and go. (Off-topic/ Dont put too much pressure on the banks cause people will lose faith in them.)
I dont know what the solution is but I dont see anyone trying any interesting ideas...
I listened to this video lately
23 Things They Don't Tell You About Capitalism - gotta say I found it difficult to undertand the guy cause of his accent. But anyways, he
is a supporter of capitalism, but he points out that this idea of the totally-freemarket economy (which has only come to the fore in the last 30 years or so) hasn't been working and didnt work the last time it was tried (1st half of the 19th century). Watch from about min 25:00 for interesting interview about this.
Me, I dont see why corporations shouldn't be taxed 'normally', and I'm not really persuaded otherwise by anything I've read here.
And I dont know what the taxation levels are in the states and Canada, but in Germany there's already 7% sales-tax/VAT/Mehrwertsteuer on foodstuffs and 19% on everything else.
Then there's your income tax. And that's normally a
lot higher than 10% too, depending what you earn. (I'm not too well up on the exact income-tax system here.)
A flat 10% is not equitable as the people with more money have greater responsability and should be contributing more, and what the poor have often doesn't cover their needs.
-Perry Mowbray
I disagree with this statement. 10% is equitable because everyone is paying an equal percentage. Now, obviously if it costs $500 a month to pay for cost of living then 10% is going to dip a lot more into the person's income who makes $500 a month than the person making $50,000/mo.-Deozaan
Deozaan,
you've disagreed and then you make a statement that agrees... I suspect you've never lived near the poverty line, if you can so casually disagree - and yet agree

But as Darwin says, low income earners would ideally be excluded.