pull down to refresh
0 sats \ 9 replies \ @Satosora 10 May \ on: U.S. Treasury Cash Surge econ
Corporate taxing is a good thing, but it has to be done smartly.
Corporate tax should be eliminated or close to zero
reply
Why? I think companies should be taxed.
Not into oblivion, but it should be their responsibility to shoulder some of the burdens.
Especially for its workers. A company should make profit, but it also should rewards its workers. Seeing so many wring profit and not actually help society seems a bit wrong.
At least help the society that it actually touches....its workers.
reply
Corporations are not the enemy of the worker. Government is the enemy of the workers.
Workers benefit when job openings >> job applicants. The way to maximize jobs and openings is by stimulating startups and business expansion.
Taxes on corporations hurt employees. Less money for businesses to distribute dividends and raises.
Businesses can pass on taxes to their customers so a tax on business is a tax on the consumer.
What are the parts of a business or corporation?
- Owners or shareholders
- Employees
- Customers
Owners pay tax on their income, dividends and capital gains.
Employees are subject to income and social security and other payroll taxes.
Customers pay sales tax.
Every corporate transaction is already taxed.
A corporate tax is redundant and punitive.
High corporate taxes is a big reason why corporations move jobs and operations overseas to lower tax states or countries. They invert assets and cash to low tax countries like Ireland. Google and Apple have inverted billions of dollars to Ireland 🇮🇪.
Low or zero corporate taxes would stimulate investment from abroad. It would be the opposite of outsourcing, in-sourcing.
Toyota and Hyundai have plants in Tennessee, Alabama, Georgia and South Carolina.
Corporate taxes are an albatross for corporations.
reply
reply
It depends on the industry and the size of a company.
Take Boeing for example. Their reputation is at an all time low. That will hurt their bottom line and market cap.
reply
reply
The whistle blowers were killed.
Boeing downfall started when it merged with McDonnell Douglas in 1997. MBA candidates replaced engineers especially in quality assurance.
A lot of great companies have been destroyed by MBA graduates 🎓 who have no industry experience and rely on spreadsheets, power point and textbook case studies
reply
I always thought MBAs are kind of useless.
All the engineering students talking about getting their MBAs were usually the students that communicated well but were very bad at theory.
My experience, take that with a grain of salt.
Whistleblower did suicide, didnt you get the memo?