a thoughtful web.
Share good ideas and conversation.   Login or Take a Tour!
comment by bioemerl
bioemerl  ·  2026 days ago  ·  link  ·    ·  parent  ·  post: [DEBATE] Let's talk about taxes

My argument is that corporation are making larger and larger profits due to the factors in the economy, low minimum wage, low taxes, higher and better automation, are allowing them to get more work out of people for less pay, leading to lower costs to sell things.

As a result, the economy needs to be restructured to account for, and counteract this trend.

simbha  ·  2026 days ago  ·  link  ·  

So your saying that corporations thriving is bad for the economy???

Corporations thriving = more jobs

If the corporations are doing well, then America does well

bioemerl  ·  2026 days ago  ·  link  ·  

    corporations thriving is bad for the economy

Profits in a perfect competition would be 0, or near it, since no company could charge more than what a product costs to make without being undercut by another company. That would be best for the economy.

High revenue, low profits.

    Corporations thriving = more jobs

High demand for services from a corporation, and the corporation required to hire to meet that demand == more jobs. High profits is just money going into stockholders bank accounts, meaningless to anyone but those already with money.

    If the corporations are doing well, then America does well

All depends on how you measure "well".