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It is the game of the market and financial deregulation and maximizing profit (company, and at minimum personal). Yes there are strategies to develop related to
by dpflan 3y ago
It is the game of the market and financial deregulation and maximizing profit (company, and at minimum personal). Yes there are strategies to develop related to these financial levers, but it's quite cynical for a corporation to strategically dodge taxes of their own, then also create a buyback program that strategically dodges taxes of say dividends. In an ideal world, the taxes could be put to good use, and one could argue that even just have appropriate taxes may allow good use because there is taxed money to work with --- this can be lost at city, county, state, and federal levels. The company definitely pays the right people to continue to exist the way it does, so a select few truly benefit massively financially; while, others less so.
- brightball 3y agoThe company does buy backs and dividends with the excess cash that it has, after paying taxes on all of the income, property taxes on their facilities, sales taxes on equipment, employment taxes for all of their staff and then the income taxes related to all of their staff. We have a spending problem in this country, not a lack of tax money.
- dpflan 3y agoTrue, "spending problem" is what an ideal scenario would not have -- a spending problem could also be not having enough to spend. But again, let's look at tax rates over-time, corporate tax rates in the US versus corporate profits, buybacks, etc over-time in the past 100 years. What would we see? I'm definitely curious where all this money is going...