4 ms·
If you live in a state that taxes away 100% of your income, what would you do? (I'm even going to steelman your argument and assume you meant profit and not re
by jerf 2y ago
If you live in a state that taxes away 100% of your income, what would you do?
(I'm even going to steelman your argument and assume you meant profit and not revenue.)
- kelnos 2y agoIt would be great if they stopped doing business in that state. The government could then assert ownership over all their infrastructure, divide it up among smaller local governments, who could then provide competitively-priced municipal broadband service. That would be amazing.
- saint_fiasco 2y agoWouldn't that lead every other business to stop investing in additional infrastructure in that state ever again?
- 0cf8612b2e1e 2y agoThe infrastructure telecoms were paid billions to develop in the 90s, but pocketed the cash instead? It would certainly be terrible beyond belief if we all had to rely on municipal internet like Chattanooga.
- AnimalMuppet 2y ago> The government could then assert ownership over all their infrastructure That's called "taking", and is unconstitutional unless there is just compensation. And "they're not using it, so the value is 0" is not just compensation.
- exe34 2y agolooks like legitimate salvage to me...
- jmclnx 2y agoNY wants to have ISP charge the poor $15, so all pretax revenue over that $15 amount paid by the poor will be taxed at 99% (or 100%), up to NY. Somehow the total paid by the poor can be prorated to total ISP revenue and taxed based upon that + admin costs. That tax amount will be sent back to the poor as a refund. Tax is at the revenue level because as we have seen, there are so many deduction they could report 0 income.