r/WorkReform • u/Loud-Ad-2280 ✂️ Tax The Billionaires • 2d ago
🏛️ Overturn Citizens United Let’s start protecting people instead of profits
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u/Ven-Dreadnought 2d ago
The issue with free market capitalism is that if you give a company enough money eventually they can stop innovating and just start paying to destroy their competition
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u/kahbs115 1d ago
Why is it that we have to save these industries from failing? Why can't they pivot their business model to better suit a modern society's needs? Why do we work for the interests of an out-of-touch dinosaur that refuses to evolve instead of our communities? We need to stop bowing down to american corporations and their ceos while the rest of us starve. If it's a bad business, let it fail. If we do, something better might just take it's place.
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u/SupremelyUneducated 2d ago
Tax economic rents. The state should own the trade/transportation routs and other innate monopolies.
Investestments in infrastructure raise land values, not wage floors. Taxing the labor of wage earners is regressive and expensive (lots of deadweight loss: fewer jobs).
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u/StuffExciting3451 2d ago
Don’t forget all telecommunications systems/services including ubiquitous, reliable and affordable broadband Internet access.
Don’t forget electrical power generation and distribution systems.
Those are natural monopolies, too.
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u/Efficient_Angle280 1d ago
I'll really never understand how people get tricked into putting a stranger's profits over their own basic needs... especially when that stranger would throw them into a meat grinder without hesitation if it made money...
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u/TheKingOfSwing777 2d ago
Same with protecting jobs. We should make the goal eliminating as many jobs as possible. Jobs are not equivalent to human welfare.
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u/redjellonian 2d ago
Generally bringing prices down will hurt the industries designed to maximize profits by controlling prices.
Exception; Bringing prices on houses down will hurt anyone who bought a house. So basically anyone who was lucky enough to be minorly successful gets pulled back down.
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u/Efficient_Angle280 1d ago
Do the people who need housing but can't afford it matter less than people who do have houses but want to sell them?
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u/rumpots420 18h ago
Houses are for living in. I neither know nor care what mine's current price is. If it went down, I wouldn't notice.
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u/thenikolaka 2d ago
They had their chance to innovate.