Heresy_generator

joined 1 year ago
[–] Heresy_generator@kbin.social 11 points 6 months ago (2 children)

declassifieduk.org

Gee, I wonder what this site is. Let's just search for "Ukraine" and see what we get:

Polish minister ‘saw UK special forces operating in Ukraine’

Contamination fears after Ukraine loses British tank

Cluster bombs for Ukraine? A warning from Kosovo

UK military figures warn ministers about Ukraine

British warmongering is driving Europe towards catastrophe in Ukraine

Revealed: Russian neo-Nazi leader obtained UK missiles in Ukraine

Pro-ISIS fighter in Ukraine received UK missiles and ‘SAS training’

Oh, it's a Kremlin propaganda outlet. Thanks for sharing.

[–] Heresy_generator@kbin.social 12 points 6 months ago

It's a publicly traded company; no competent person would buy in at the absurdly overinflated stock price that exists now. Because a competent person would recognize that Tesla having a market cap over 50% higher than Toyota's is completely fucked and there is no way in hell anyone could make Tesla actually worth what it's trading at. A competent person would also recognize that Tesla's ridiculous valuation is because of the shameless lies of hype merchant and snake oil salesman Elon Musk who, if you purchase the company from him, will no longer be around to trick sad losers into believing his laughable promises about self-driving, or robots, or AI, or whatever the hype cycle brings next.

[–] Heresy_generator@kbin.social 8 points 6 months ago* (last edited 6 months ago) (1 children)
[–] Heresy_generator@kbin.social 24 points 6 months ago

[Terminally online politicians think the pro-Russia/anti-Ukraine bots and shills are actually real people in America.]

[–] Heresy_generator@kbin.social 44 points 6 months ago (2 children)

You're not really talking about higher taxes, you're talking about reworking the corporate tax system. As things stand now higher taxes would encourage more of this sort of behavior, not less.

Corporations only pay taxes on profits, so money spent on business activities, re-invested back into the company, paid to employees, etc. is not taxed. In this system, taxes are kind of a penalty paid for taking money out of the business; the higher taxes are the less incentivized profit-taking is.

If your company made $100 million in profits at a 20% tax rate you get to take home $80 million as opposed to re-investing $100 million back in the company and not paying any taxes, so the incentive to re-invest isn't very high. But if your company made $100 million in profits at a 40% tax rate now you can only take home $60 million as opposed to re-investing $100 million, which becomes a much better value proposition on re-investment.

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