this post was submitted on 06 Jun 2026
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No business would survive without doubling or tripling their profit margins, and we'd all suffer insanely high prices
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.
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.