3 ms·
One good reason to tax corporate profit is that (large) corporate profit is a market failure (lack of competition) - and a profit tax can help lessen that failu
by biehl 11y ago
One good reason to tax corporate profit is that (large) corporate profit is a market failure (lack of competition) - and a profit tax can help lessen that failure.
- whatok 11y agoOr, just maybe, you could eliminate or lessen whatever regulation exists that enables that lack of competition.
- biehl 11y agoPossibly. For Pfizer that would surely mean eliminating patents on medicine. Apple for example, that would mean eliminating patents on software and hardware, copyright on software, design-patents etc.