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Old 17.10.2019, 22:33
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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?
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.
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