Re: Common Tax Delusions
Except corporations are "people" now, so along with all the perks that offers, they have to pay taxes on PROFITS. IE, on the money they made on the product. It doesn't change the price of producing the product, just how much profit the corporation can make on it. (you make more, you pay more taxes)
It's a way of redirecting wealth concentration for the greater good. In theory, that is what taxes are supposed to do. You make those with more money pay more so you're taking the money where it will hurt less people to produce value for all in the form of public infrastructure and services. This then profits those who have more money because the lower classes can get more done. That's the theory anyway.
In practice, it's now turning a lot more into a way for the rich to get richer and keep others poor.
You know that's bad when even a BANK BOSS says so.