Does that include your local or regional convenience store or your local bakery or any of your local businesses as well, who would most definitely go out of business and go bankrupt because the grand majority of the revenue is spent in operating expenses.
I’m sure a ton of megacorps would love to buy up a bunch of new failing small businesses to enshitify and roll them into everything that you already hate. Funnelling money out of your local communities, making your local communities even poorer than they already are
Cut CEO and upper management wages then. Those taxes should be guaranteed to the country and should have been there from the start. There wouldn’t be any national debt and publicly funded projects wouldn’t be starving like they are now. Hell, even income tax could be wiped away from the money they’d pull in from taxes.
If in the US, a corporation is technically a person, they should also be taxed like any other person.
The grand majority of businesses are smaller, medium-sized businesses, not huge corps that have golden parachute CEOs.
So, by doing this, all you would do is kill all your local businesses, and the large megacorps that you hate would happily swoop in and gobble them up and consolidate them and then enshitify them.
This would be like shooting yourself in the liver to spite your enemy.
Second-order effects are a thing. Laws and regulations need to target these large corporations who are abusing the tax system.
Business spent 3.9B dollars on vaporware. That’s the problem. Or stock buybacks. Or settlements or CEO bonuses. Not on better wages or anything opex related. Basic capex to keep things up to code/inspection/regulation/etc.
It’s where the money is going that makes it a scam.
Or, hear me out, corporations pay taxes on their total income as well.
Does that include your local or regional convenience store or your local bakery or any of your local businesses as well, who would most definitely go out of business and go bankrupt because the grand majority of the revenue is spent in operating expenses.
I’m sure a ton of megacorps would love to buy up a bunch of new failing small businesses to enshitify and roll them into everything that you already hate. Funnelling money out of your local communities, making your local communities even poorer than they already are
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What do you think all that tax revenue is for?
A corporate environment without wiggle room for excess would also shake out a lot of grifters.
deleted by creator
You know what, that is a fair point!
Cut CEO and upper management wages then. Those taxes should be guaranteed to the country and should have been there from the start. There wouldn’t be any national debt and publicly funded projects wouldn’t be starving like they are now. Hell, even income tax could be wiped away from the money they’d pull in from taxes.
If in the US, a corporation is technically a person, they should also be taxed like any other person.
deleted by creator
The grand majority of businesses are smaller, medium-sized businesses, not huge corps that have golden parachute CEOs.
So, by doing this, all you would do is kill all your local businesses, and the large megacorps that you hate would happily swoop in and gobble them up and consolidate them and then enshitify them.
This would be like shooting yourself in the liver to spite your enemy.
Second-order effects are a thing. Laws and regulations need to target these large corporations who are abusing the tax system.
Business spent 3.9B dollars on vaporware. That’s the problem. Or stock buybacks. Or settlements or CEO bonuses. Not on better wages or anything opex related. Basic capex to keep things up to code/inspection/regulation/etc.
It’s where the money is going that makes it a scam.