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>Credit rating agencies are not regulators That's very debatable, semantics and either way irrelevant. The point is that they were competing, and it was an ext
by permo-w 5y ago
>Credit rating agencies are not regulators
That's very debatable, semantics and either way irrelevant. The point is that they were competing, and it was an extreme negative for everyone except the already rich.
The second paragraph essentially just illustrates your lack of knowledge on the topic. Ireland and the Netherlands have an overabundance of multinational corporations. Why? Because Ireland has a crazily low corp tax, and Nl lets large corporations negotiate their corp tax rate when they come into the country.
You're right, corporations are not individuals. They're big scary groups of people with no regard for your health or safety or welfare, who are trained and indoctrinated into a set of goals and beliefs that don't benefit anyone beyond themselves and a group of shareholders. They're cults. They're borderline religions. They should be reined the fuck in, and corp tax is a very good way of doing that