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Spreadwarnotlove t1_jd9u31m wrote

Reply to comment by Hotchillipeppa in The Age of AI has begun - Bill Gates by Buck-Nasty

So you want to stop research and development and expansion? I mean what are you getting at. They don't just sit on the money in the bank. They reinvest it in their own business or buy stocks that help other companies.

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Hotchillipeppa t1_jda9xkc wrote

If they were putting it back into the company it would be in their budget, not excess profit, a high rate of tax on excess profits encourages exactly what you are describing, the reality is since Reagan wealth inequality has increased, if they were doing what you think they are doing, that wouldn’t be the case.

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Spreadwarnotlove t1_jdbewn9 wrote

I'm fine with profit tax. But some of y'all are calling for a wealth tax or violent takeover. Which would just fuck shit up for everyone. As for the latter part. I disagree. By reinvesting in their business they will continue to grow faster and faster and the equipment and property they own all will continue counting to their wealth. While the typical person continues to not bother with increasing their income except for through work.

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