I'm saying that it's a perfect waste of time to look at the problem of undue consolidation and monopolization from the perspective of personal income taxes. The same consolidation and monopolization trends have been happening in all of these income tax regimes.
> I'm saying that it's a perfect waste of time to look at the problem of undue consolidation and monopolization from the perspective of personal income taxes.
You might well be right about that; it's an empirical question.