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It's a tax on profits. That's the point. This is the money they have left over after paying all costs. Interest rates increase the cost of everything. They wil
by jmyeet 4y ago
It's a tax on profits. That's the point. This is the money they have left over after paying all costs.
Interest rates increase the cost of everything. They will cause businesses to fail. I mean just look at SVB.
And even if increased taxation changes nothing price-wise, it will fill government coffers and allow the government to help those most impacted.
It is literally the best solution for absolutely everyone except for about 500 billionaires.