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| Except that profits are not just due to good old capitalism. Corporate welfare in the form of tax breaks, subsidies, write offs, yada yada yada increases profit - it’s not just selling more X or selling X at a higher price.
Kind of like top down socialism, innit? | |
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All that is telling you is tax rates are too high, tax competition exists just as competition exists between companies.
I believe all subsidies should be illegal, unviable business's should fail, real capitalism.
The Banks should never have been rescued & depositors need to realise the risk they are taking chasing higher interest rates.
Switzerland is an amazing example of tax competition......... Seems to work rather well.