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Sounds a lot like Trickle Down Economics, which has been disproven time and again. Also: if amazon’s profit is double what it was last year, shouldn’t that pro
by jachee 8y ago
Sounds a lot like Trickle Down Economics, which has been disproven time and again.
Also: if amazon’s profit is double what it was last year, shouldn’t that profit be taxed? If they never pay taxes and continue exploiting labor, aren’t they a net drain on society?
- EpicEng 8y agoWe're talking about specifics here though, not an overarching economic theory which is defined by political buzzwords. I agree that the idea of trickle down on the whole doesn't work, but that doesn't mean every one of its ideas are wrong (and I believe this specifically is related to Reagan era economics.) Companies investing revenue is, in general, a good thing. You can of course debate the specifics of what constitutes an investment. >if amazon’s profit is double what it was last year, shouldn’t that profit be taxed? If they never pay taxes and continue exploiting labor, aren’t they a net drain on society? Well they do pay taxes, so I don't know where you're getting "never" from. Heck, just look at the chart at the bottom of the article. This is the _first_ year they had a negative rate. If you're going to make statements (shrouded in questions) like "they're a net drain on society" you're going to have to come up with some numbers.