Profits are driving inflation. When will politicians and the BoE admit it?

Re:Profits are driving inflation. When will politicians and ... by tdehnel on Tuesday June 27, 2023 @10:10AM (#36493035)

If we increase corporate taxes, companies will respond by either raising prices, struggling to innovate/grow, or going out of business. Which of those outcomes do you prefer and why?

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Re:Profits are driving inflation. When will politicians and ... by pjc50 on Tuesday June 27, 2023 @10:21AM (#36493201)

You forgot "reducing dividends/buybacks" and "reducing executive pay".

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Re:Profits are driving inflation. When will politicians and ... by jmyeet on Tuesday June 27, 2023 @10:13AM (#36493078)

This is capitalist propaganda.

Corporations will continue to exist as long as there's a profit to be made. If they have to pay 10% of those profits in taxes or 80% they're still making money and there's still a profit incentive.

The idea that a tax on profits will drive a company out of business belies a fundamental misunderstanding at best or deliberate deception at worst.

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Re:Profits are driving inflation. When will politicians and ... by tdehnel on Thursday June 29, 2023 @09:36AM (#36520189)

Think of it this way: what if there was a 100% tax on profits?

Why would anyone invest money in that venture?

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