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Taxing the Rich makes the rich increase the cost of goods, then the rich make MORE PROFIT THAN EVER - The Solution

 
Duh
User ID: 45443183
United States
07/29/2022 10:37 AM
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Taxing the Rich makes the rich increase the cost of goods, then the rich make MORE PROFIT THAN EVER - The Solution
When corporations are taxed higher the citizens may rejoice, but only for a moment. Eventually the course of time shows that when corporations are taxed higher, they choose to increase the cost of goods.

This results in the lower class spending more on the same goods, and also results in those corporations achieving record high profits. The only solution to keep the corporations in check is to Maximize how much profit they are allowed to obtain, and everything after a certain profit amount they should be required to donate.

This works out in corporations favor, would work out in the consumer favor, and work out in favor of those helped by the charities that got all that extra cash.


Otherwise huge companies will increase the cost of goods by $1 for every 10 cents more they pay to produce it and continue to make higher profit margins when inflation and cost increases hit.




This is a simple rule of law that could be implemented that would benefit a large portion of society. Anybody against this idea would be against it in ignorance as being against this idea is being pro-fckeveryoneelseover
Anonymous Coward (OP)
User ID: 45443183
United States
07/29/2022 10:39 AM
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Re: Taxing the Rich makes the rich increase the cost of goods, then the rich make MORE PROFIT THAN EVER - The Solution
For those who don't understand, by donating huge swaths of money, the corporations would end up paying less in taxes every year which would benefit them while the new law benefits you with lower prices and charities with more cash to help.





GLP