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This is capitalist propaganda. Corporations will continue to exist as long as there's a profit to be made. If they have to pay 10% of those profits in taxes or
by jmyeet 3y ago
This is capitalist propaganda.
Corporations will continue to exist as long as there's a profit to be made. If they have to pay 10% of those profits in taxes or 80% they're still making money and there's still a profit incentive.
The idea that a tax on profits will drive a company out of business belies a fundamental misunderstanding at best or deliberate deception at worst.
- tdehnel 3y agoThink of it this way: what if there was a 100% tax on profits? Why would anyone invest money in that venture?