Love this. It encourages increasing costs instead of paying shareholders, which means higher wages for people.
Also, tax the ultra wealthy out of existence and break up any company over X billion in revenue or Y% of the market share. We need to forcibly distribute power to as many people as possible to ensure a high quality of living for as many people as possible for as long as possible.
im for a excess profits tax. Everything above let’s say 30% get’s get’s taxed 100%
Better yet, wealth caps. Anyone with a net worth of 10 million gets all income above that level taxed 100%.
When there is an actual wealth caps things change drastically
Companies like Samsung will need a huge amount of more or less equally powerful shareholders because nobody can own over 10M
Why squeeze the workers salaries for extra profit if it’ll all go to taxes anyways? Better increase salaries so that the workers are happy
Nobody can get 50 houses anymore, no park full of Lamborghinis
Governments get a huge influx of resources they can spend on social networks like free healthcare, free education, free housing, you name it
One simple rule that has so many great side effects
Also, no more con men like musk.
Love this. It encourages increasing costs instead of paying shareholders, which means higher wages for people.
Also, tax the ultra wealthy out of existence and break up any company over X billion in revenue or Y% of the market share. We need to forcibly distribute power to as many people as possible to ensure a high quality of living for as many people as possible for as long as possible.
agreed
or, employee profit sharing, which is exactly what Samsung did.
Or tax everything to bankruptcy and we can all live on the dole eating government cheese.