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> We need to massively cut corporate taxes, investment taxes, regulations, and all manner of things to increase supply. Supply is low due to a global pandemic
by richbell 4y ago
> We need to massively cut corporate taxes, investment taxes, regulations, and all manner of things to increase supply.
Supply is low due to a global pandemic disrupting trade (and far too many companies relying on 'just-in-time' logistics).
"Massively [cutting] corporate taxes" won't do anything but bolster already soaring corporate profits. A significant amount of that money won't go back into the local economy. It also won't go to improving infrastructure, processes, employee salaries or anything that can improve resiliency or longevity; they've been penny-pinching for decades, and this is the result of it.
Furthermore, 'inflation' of many necessities like grocery, gas, and rent is obviously driven by blatant profiteering.
- TurkishPoptart 4y agoHow is the "pandemic" still disrupting trade? Wouldn't it be more accurate to say "governments' response to pandemic"? I.e. Shanghai's continued inhumane lockdowns by the CCP for political reasons.