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> It doesn't make sense to tax companies! They are unselfish entities designed to serve society why would we tax them?????? What world are you living in? These
by Atreiden 3y ago
> It doesn't make sense to tax companies! They are unselfish entities designed to serve society why would we tax them??????
What world are you living in? These companies are absolutely selfish, by definition. Publicly traded companies have a "fiduciary duty" to their shareholders to act solely in the companies interest (i.e. maximizing profits). They are not "designed to serve society" - that is the purpose of democratic government - they are designed to make as much money as possible.
Any beneficial-to-society effects are secondary. Or only intended insofar as to generate further profit.
And so we're clear, this is the mechanism behind this popular new "enshittification" term. The name of the game is Money, or Power if you prefer. Google doesn't provide Maps for free to benefit society, they provide it because it's an enormous engine driving their digital moat (not to mention their immediate ad business revenue).
These companies are not your friends. And by this I don't mind that they are a priori your enemy, only that their actions are not intended for your benefit, and they can easily turn hostile if it is in their interest to do so. If you place implicit trust in them, and do nothing to curtail their acquisition of power, nobody will be able to oppose them when they take actions that are harmful to society.