1167
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 19 Aug 2024
1167 points (99.4% liked)
politics
18998 readers
2188 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Yes it would be ideal for the government to do all that, I'm just saying that increased corporate tax rates lead to increased reinvesting into the companies themselves which is generally good for workers. Part of them avoiding paying taxes would lead to working at those companies being better because pushing pure profit margins wouldn't be as effective for gathering wealth. There are so many companies where it is downright miserable working for them due to rampant cost cutting to make record breaking profits, so tax the fuck out of those profits and stupid choices like that become less fiscally appealing.
For instance In order to boost profit margins at the end of last year 7 Eleven put a halt to all preventative maintenance. If it is no longer cost effective to do that due to high taxes on those profits that maintenance would have been done which would have seen a higher retention in maintenance staff. (As well as less money spent replacing equipment in 2024)
I'm not saying one change will fix everything, but it's a start.
I understand you now. I've automatically assumed that "reinvest in the company" is just shorthand for stock buybacks lol. I was like wtf how is that good for the average person haha.