That would reduce the capital for companies and / or make it more expensive - know what happens when companies run out of capital "workers" get made redundant.
I don't mean to be harsh but your user name indicates you haven't actually entered the work force yet.
Companies do not create jobs. Consumer demand for products and services creates jobs. As long as the tax structure nourishes a strong middle class we will be a prosperous and stable society, and capital will flow just fine.
And how do you do that when they are out of work ?
And I have had to chair a meeting of a worker coop when we had to restructure due to running out of capital in the last dot.com crash so I have some idea what I am talking about.
Their idea has merit whether they've entered the work force or not. And, they could be anything that relates to students and yet not a student, like a teacher. I wouldn't infer much if anything from usernames... else you might assume that I'm a monkey and my thoughts on taxes should be ignored because I live in a jungle.
I don't mean to be harsh but your user name indicates you haven't actually entered the work force yet.