Comment on Amazon Workers Say They Struggle to Afford Food and Rent

psvrh@lemmy.ca ⁨5⁩ ⁨months⁩ ago

• dukethorion@lemmy.world ⁨5⁩ ⁨months⁩ ago

  How would increased taxes help the employees?

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  • psvrh@lemmy.ca ⁨5⁩ ⁨months⁩ ago

    In the before times, when corporate and marginal income tax rates were high and stock buybacks were illegal, a business could do two things with its profit:

    • Reinvest it into the business, as employee compensation, equipment or facilities, and/or
    • Pay taxes.

    In the 1980s, we gave them a third option:

    • Keep the money …which for some reason was supposed to not encourage the rich to hoard money and/or engage in non-productive financialization.

    The rich, of course, hoarded and engaged in financial engineering pretty much immediately, and everyone else, which meant employees, suffered for it.

    If you look at wages-vs-productivity curves you can see society “break” in the 1980s, with the rich running away with their wealth and everyone else getting stuck in a quagmire of low wages and starved public services.

    So that’s why high progressive taxation helps employee: it forces the rich to either invest or find the nation.

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    • dukethorion@lemmy.world ⁨5⁩ ⁨months⁩ ago

      Do you think the corporate world (that effectively runs governments) is going to regress or go back to “let’s all make less money”?

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      • xePBMg9@lemmynsfw.com ⁨5⁩ ⁨months⁩ ago

        You’re right, getting money out of politics is necessary for correct decisions to be made by the government.

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      • psvrh@lemmy.ca ⁨5⁩ ⁨months⁩ ago

        No, but a boy can dream…

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      • Schmuppes@lemmy.world ⁨5⁩ ⁨months⁩ ago

        You’re right, they wouldn’t. But maybe they can be convinced with burning pitchforks.

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  • metallic_substance@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Tomorrow morning just head out your front door, find a school bus, and just get on it

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    • dukethorion@lemmy.world ⁨5⁩ ⁨months⁩ ago

      Sorry I’m not smart enough to understand what you’re inferring.

      Corporate tax rates go up, company lays off workers and moves to a less-taxed jurisdiction.

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    • KillingAndKindess@lemmy.blahaj.zone ⁨5⁩ ⁨months⁩ ago

      He asked agood question you hush!

      I will be taking this for myself tho tyvm

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