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this post was submitted on 19 Aug 2024
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Does it really matter what the rate is when they don't pay it anyway?
https://www.usatoday.com/story/money/2024/03/13/companies-spend-more-executive-salaries-than-taxes/72941207007/
"The analysis names 35 corporations, including Tesla, Netflix and Ford, that each reportedly spent more on compensation to their five highest-paid executives than they paid in federal income taxes over five years.
Collectively, the 35 corporations spent $9.5 billion on their top executives over that span, the report said, while their combined federal tax bill came to -$1.8 billion: a collective refund."
What’s your conclusion? That we shouldn’t tax anyone at all?
Why isn’t your conclusion that we should find these husks of supposed humans and turn them inside out? Why isn’t your conclusion that chunks of SpaceX, chunks of Amazon, chunks of Google, should be rightfully owned by the American public?
Close the loopholes that let companies with billions in revenue pay 0 in taxes.
Because socialism generally speaking works really really badly? Taxation should ideally be zero, but since there are obvious things 99% of us agree that should be funded in a centralized way, we have to have taxes.
The point of taxes is not to make everyone equal, the point is to fund those important things. For instance: police, military, education, basic healthcare (perhaps), charity for the less fortunate and certain natural monopolies like utilities.
Lmfao “sOcIaLiSm bAd” “taxation is theft”
Socialist policies would bake those “important things” into centralized structures owned and managed by the people. You’re beyond propagandized if you believe the people should own fucking natural utilities but also believe “socialism is bad”. Like fucking pants on head retarded
And before you say “I’m socialist cause I argued companies should be owned by the government” — I’m saying that these companies have become monopolies at the behest and funding of their state and federal governments. They should be ripped apart and absorbed, like you argue “natural monopolies” should be.