Quote:
Originally Posted by jfman
Nobody says that you can’t generate profits, as you say it creates tax revenues. My point, which you seem to have missed, is that economic theory is that suppliers enter the market and drive down prices in the consumer interest. You know, the interest of the 99% of us that don’t own significant shares in previously nationalised industry and are isolated from genuine competition - like EU workers competing for our jobs but for companies.
The theory has failed.
---------- Post added at 18:59 ---------- Previous post was at 18:29 ----------
Lays golden eggs... in Monaco it would appear.
https://www.theguardian.com/business...ax-monaco-move |
His businesses will
still pay tax, and the article says "planning", not "has".
If you drive down profits by imposing additional costs, there reaches a point where they go bust. In the meantime, the tax revenue goes down, investment goes down, ability to expand goes down, etc.
Where exactly has Communism/Socialism actually succeeded? Russia? China? Cuba?