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Modern societies need to figure out distribution of economic power that isn't based on employment. Of all the things corporations should be held responsible for
by keerthiko 8y ago
Modern societies need to figure out distribution of economic power that isn't based on employment. Of all the things corporations should be held responsible for, directly propping up low-skill labor employment opportunities shouldn't be one of them. Employment and jobs should stop being used as fundamental economic indicators.
The naive approach would be to just increase overall corporate taxes, reduce payroll taxes (so companies are mildly incentivized to pay humans) and more effectively redistribute tax income to society. The problem with this is the geographic inflexibility of this approach, as Amazon could be sucking up tons of resources from Florida and no amount of taxation on Amazon really pays back to Florida.
Surely we can eventually come up with a better system to let companies optimize their business practices (net value++) and redistributing those improvements across society?