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this post was submitted on 31 Aug 2023
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Why always fucking corporate tax cuts? How about people tax cuts? You know, when people have more money, they spend more. Thus giving more money to the corporates as well.
:Looks at massive increase in consumer spending due to Covid Stimulus and College loan payment moratorium.:
Lets do that trickle down shit again, it’s gotta work this time.
You'll be taxed 40% and you'll be happy about it.
I mean, I'm already taxed 15% on income tax, another 11% on social and health security, then whenever I buy anything, 21% of the price is tax (so if I spend all my income every month, it was basically another 21% of income tax). Petrol has another tax extra (don't know how much). When I bought a piece of land I paid another 4% as a tax (and I still had to pay for all administrative tasks like changing the owner in the registry). And I pay tax for owning the land every year. I'm pretty sure I forgot some tax.
I think I'm well over 40%. Not quite happy about it, though.
Why would the corporations bribe the legislature to pass a law that benefits people, or helps the economy? They just want to hoard their wealth. Okay?
When people have more money and spend more money we have inflation. Didn't you have enough inflation already?
Nope. Company by law exists to make a profit. So if people are used to a price, they won't be making it cheaper just because they now can make it cheaper.
That's a bold claim if you don't know where I live.
Here is a case from America: https://www.litigationandtrial.com/2010/09/articles/series/special-comment/ebay-v-newmark-al-franken-was-right-corporations-are-legally-required-to-maximize-profits/
do you have a source for this? because obviously it‘s utter bullshit, just looking at the recent tax cuts for german gas stations which were decidedly NOT „passed onto the consumer“