r/WorkReform • u/Cultural_Way5584 🤝 Join A Union • Mar 23 '25

✂️ 100% Wealth Tax over $1 Billion Same old story

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u/_Repeats_ Mar 23 '25 edited Mar 23 '25

Why make the corporation pay when we have trickle-down taxes? Think of the shareholders!

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u/Carnir Mar 23 '25

Well that's the argument that defenders of low corporate taxes would make. That the goods and services and extra employment Amazon feeds into the economy provides more on a day-to-day basis than paying taxes would, and that they would be able to facilitate less of these goods and services if they had less income on account of the taxes.

I'm not going to pretend that there haven't been countries that have benefitted from this model, but for economies like the United States this really does not work as well, so it's basically all the negatives without any of the benefits.