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> If they're profitable then why do we need to play these games? Because that isn't enough we must have infinite growth.
by wnevets 3y ago
> If they're profitable then why do we need to play these games?
Because that isn't enough we must have infinite growth.
- AlbertCory 3y agoIt's time to adopt the classical Accounting 101 view of businesses: They reach profitability, then they throw off dividends, which the shareholders invest in (presumably) new businesses. NOT "they keep the profits to create infinite growth themselves."
- lazide 3y agoYou’d need to fix the tax code for that to work. Good luck getting that by Congress anytime soon!
- AlbertCory 3y agoFor sure. "double taxation of dividends" isn't something that gets Democrats' blood racing. However, most of the HN discussion on issues like this is for things that'll never happen, so I don't see any difference.
- lazide 3y agoIt isn’t even that per-se. It’s treatment of dividends as income vs long term capital gains. Very, very different tax rates and degree of flexibility re: when you’d get taxed.
- AlbertCory 3y agoRight. And that leaves out that the company's already paid taxes on them.
- lazide 3y agoCorrect, that is just the icing on top.