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this post was submitted on 31 Aug 2023
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Sigh. More importantly, they're not structured in such a way that they only benefit small and at most medium companies, they apply more or less across the board, which automatically makes the giant megacorps the biggest winners as they can pay the people to figure out how to best exploit this.
If anything, they should have funded tax breaks to small companies on the backs of VW or Vattenfall or Rheinmetall, or ideally their CEOs and stockholders directly. Fleece the ones who do nothing good, nevermind with their money.
Vattenfall? Like the swedish state-owned supplier of hydropower? That Vattenfall?
Yeah but that's the specific part where this falls apart.
This happens. 👍 I'm sure of it! Trust the markets, everybody!!!! 💰
Tax increases are passed on to the people. Tax cuts are passed on to the wealthy. I'm American so I should know.
People are already paying for these costs increase, so the companies will pocket the tax cut and tout their record profits.
As we've seen after the pandemic when the inflation was soaring, companies rose their prices to keep their margin as they were instead of taking a hit on their profit.
Under the current state of capitalism, if a company isn't making the maximum profit, that company is failing.
People are already paying for these costs increase, so the companies will pocket the tax cut and tout their record profits.
As we've seen after the pandemic when the inflation was soaring, companies rose their prices to keep their margin as they were instead of taking a hit on their profit.
Under the current state of capitalism, if a company isn't making the maximum profit, that company is failing.