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Well when you take into account GST, income tax their employees pay, corporate tax, payroll tax, import&export duties (and every business up and down the supply
by yossarian1408 5y ago
Well when you take into account GST, income tax their employees pay, corporate tax, payroll tax, import&export duties (and every business up and down the supply chain has the exact same tax burden), there is not a lot left over for the business or the employees.
The reason businesses exist is for creating profitable returns on capital investments. W/o profit, you simply do not have jobs in the first place.
- wilde 5y agoWhoever runs the company is currently taking it all. Not the gov’t or employees. https://www.epi.org/publication/ceo-compensation-surged-14-in-2019-to-21-3-million-ceos-now-earn-320-times-as-much-as-a-typical-worker/ https://www.epi.org/publication/ceo-compensation-surged-14-i...
- jkhdigital 5y agoI tried and failed to find a relevant statistic, but I’m pretty sure total CEO compensation is not “all” of net corporate profits.