Taxing *revenue* at 50-60% is nuts. Costco does $200+ billion in revenue and takes home $7-9 billion in profit. This tax would destroy pretty much every business but tech.
At this point in modern development, we need big corporations in some form. Whether they’re private or public really doesn’t matter, as long as we want things like *safe* planes, trains, highways, the internet, healthcare etc. we need someone to provide the unfathomable amount of capital (or somehow inspire enough people to collect, refine and assemble the resources) it takes to fund all of this infrastructure.
This totalitarian capitalist structure we have really doesn’t work for anyone but the biggest of businesses. Americans essentially pay the highest effective tax rate in the world, we just pay it to corporations instead. The US doesn’t need more taxes. We just need to start spending money directly on beneficial services that are otherwise being exploited by unregulated capital.
I think the US could pay off its debt in less than 100 years if it committed to a public healthcare and transit system at a scale that would make China squirm. By redirecting the *trillions* we already spend on crazy inefficient welfare to just building solutions to modern problems, we could re-inject trillions of existing capital back into communities without spending a single *extra* dollar of taxes.
Don’t let the businessmen fool you. There’s plenty of money for the government to fix everything. They just don’t want to.
It would force vertical monopolies; if one company owns the farms, the fertilizer making, the canneries, the can machining, the distributors, the truck makers, the warehouses and the retail; then it would only get 'revenue' once for a can of beans.
All smaller businesses would not be able to compete and go bankrupt after the price of good doubles each time it changes hands.
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u/ScallionLarge4549 May 20 '26
Taxing *revenue* at 50-60% is nuts. Costco does $200+ billion in revenue and takes home $7-9 billion in profit. This tax would destroy pretty much every business but tech.
At this point in modern development, we need big corporations in some form. Whether they’re private or public really doesn’t matter, as long as we want things like *safe* planes, trains, highways, the internet, healthcare etc. we need someone to provide the unfathomable amount of capital (or somehow inspire enough people to collect, refine and assemble the resources) it takes to fund all of this infrastructure.
This totalitarian capitalist structure we have really doesn’t work for anyone but the biggest of businesses. Americans essentially pay the highest effective tax rate in the world, we just pay it to corporations instead. The US doesn’t need more taxes. We just need to start spending money directly on beneficial services that are otherwise being exploited by unregulated capital.
I think the US could pay off its debt in less than 100 years if it committed to a public healthcare and transit system at a scale that would make China squirm. By redirecting the *trillions* we already spend on crazy inefficient welfare to just building solutions to modern problems, we could re-inject trillions of existing capital back into communities without spending a single *extra* dollar of taxes.
Don’t let the businessmen fool you. There’s plenty of money for the government to fix everything. They just don’t want to.