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> In reality taxes are borne by a combination of customers/employees/owners That depends entirely on where the money comes from. If the company does not reduc
by grecy 2y ago
> In reality taxes are borne by a combination of customers/employees/owners
That depends entirely on where the money comes from.
If the company does not reduce profit, then yes, they must raise prices and/or reduce employee salaries.
But if we are willing to put the taboo topic of reducing profits on the table, profit can just be reduced without any impact to customers or employees. I realize this kind of talk is blasphemy, but it clearly needs to be done.
- JumpCrisscross 2y ago> if we are willing to put the taboo topic of reducing profits on the table, profit can just be reduced without any impact to customers or employees We’ve capped profits in various industries before. The benefits didn’t flow to customers and employees equally, they flowed to specific employees and specific customers. (You also see R&D grind to a halt.) There isn’t a clean technical solution to this social problem, that of redistributing wealth indirectly. At the end of the day, if you want investors’ profits, you have to take them directly.