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Everyone wants Bell Labs, but not the thing that made it possible — high corporate profit taxes. They were making bucket loads of monopoly money and had to put
by Swizec 2y ago
Everyone wants Bell Labs, but not the thing that made it possible — high corporate profit taxes. They were making bucket loads of monopoly money and had to put it somewhere or taxes would it away.
- thrance 2y agoYes, disincentivize dividends and buybacks, reincentivize investments, R&D and others.
- refurb 2y agoThat makes no sense. Dividents and buybacks are both taxed.
- dartos 2y agoI think a lot of people want high corporate profit taxes
- fsckboy 2y agopeople own corporations. If you tax the income of people who own corporations, it's not necessarily necessary to tax corporations; just pass their profits through to the people and tax the people. There are good reasons not to double-tax, first at the corporate level and then again at the personal level.
- callc 2y agoCorporations are apparently people too! They should be taxed like any other flesh and blood human! I really want gov around the world to take back governance to be solely for the benefit of people. None of this greedy corruption lobbyist stuff.
- miohtama 2y agoThis is similar to the perverse incentive of share buybacks. It's just more tax efficient to pump stock value than pay proper dividends.
- mensetmanusman 2y agoHow else will we know if seatbelts are effective in Africa?
- thrance 2y agoCongrats, you've been brainwashed by billionaires into voting against your interest.
- mensetmanusman 2y agoHar
- bena 2y agoFrom what I understand, they weren't really allowed to sell anything not related to telephony as well. So they could create Unix, but they weren't allowed to profit off of it. So they just gave it away, because why not.