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> Far more aggressive progressive taxation. Why would increasing taxes lower costs for anything? If anything they’d have to raise prices further to compensate
by koolba 2y ago
> Far more aggressive progressive taxation.
Why would increasing taxes lower costs for anything? If anything they’d have to raise prices further to compensate for additional tax payments.
- ceejayoz 2y agoGenuinely progressive taxation would aim to reduce the tax burden on small independent and non-profit vet practices, and increase it dramatically on the profits the big PE firms are taking.
- bongodongobob 2y agoIt increases the risk of turning a profit due to consolidation and lack of competition. Oh you made $20 million off that vet clinic? You owe $19 million in taxes. Makes it harder to gouge people because buying "all the things" becomes far more risky and natural competition has a better chance of doing it's thing.
- koolba 2y ago> Oh you made $20 million off that vet clinic? You owe $19 million in taxes. This type of myopic thinking is how you get asinine policy like the ACA “cap on profits”. Instead of incentivizing an efficient operation, we’ll have some other accounting shenanigans to pass on profits as some other form of income.
- bongodongobob 2y agoIt's an exaggeration of what progressive taxes do. I'm not suggestion 95% of profits should be lost to taxes at 20 mil.
- Calavar 2y agoIsn't the libertarian view on progressive income tax that it reduces the marginal returns on additional labor, thus removing the incentive for people to work harder and being more productive? Why would the reverse be true for people who work in private equity?