Millions of cattle “investing” in brutal corporate oligarchy / slaughterhouses, occasionally wondering why record slaughterhouse profits entail higher costs and “inflation”
by xena_lawless
Millions of cattle “investing” in brutal corporate oligarchy / slaughterhouses, occasionally wondering why record slaughterhouse profits entail higher costs and “inflation”
by xena_lawless
3 comments
Corps don’t pay taxes. They add that cost to the price of the goods and services ‘we’ buy.
Just another Reichian bullshit meme.
Its important to note that Corporation tend to only incorporate in low corporate tax areas. This is how Ireland was able to restore their economy was by slashing corporate taxes to around 12%, causing corporation to take their money to them instead of US, or whomever.
So if you look at the “Laffer Curve” , its does mathmatically dictate how high you can raise taxes before people start to “vote with their feet” and basically abandon you country.
Lets look at this briefly. The high maxes at about 38%. Low would be Ireland for instance at 12%
[https://www.investopedia.com/terms/l/laffercurve.asp](https://www.investopedia.com/terms/l/laffercurve.asp)
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So we see, by lowering taxes to the lowest amount possible, you actually bring in more tax money over the long run because you don’t have people packing up their bags and moving to tax havens taking their money with you. You want to prevent “Wealth Flight”, like China is experiencing, between Hong Kong and Singapore.
[https://www.bbc.com/news/articles/clepve4qdn2o](https://www.bbc.com/news/articles/clepve4qdn2o)
The Feds total tax take continues to set records, but the debt is spiraling out of control
The issues isn’t revenue, it’s the Feds spending too much