> It could, but it shouldn't unless your goal is stagnation with a lower standard of living under the control of cartels and oligarchs
I'm seeing no evidence that how much a nation taxes corporations affects its standard of living or political systems one way or another[0]. Norway and Cuba collect similarly high amounts (as a percentage of total tax receipts); the US rubs shoulders the likes of Spain, France, and Finland, as well as Cabo Verde and Tunisia in its relatively low collections.
I'm seeing no evidence that how much a nation taxes corporations affects its standard of living or political systems one way or another[0]. Norway and Cuba collect similarly high amounts (as a percentage of total tax receipts); the US rubs shoulders the likes of Spain, France, and Finland, as well as Cabo Verde and Tunisia in its relatively low collections.
[0]: https://www.oecd.org/en/publications/corporate-tax-statistic...