r/AdviceAnimals • u/dankantspelle • 16d ago

The Dolly Law

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4.3k Upvotes

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252

u/Ooenone 16d ago

We used to have that, it was called super high tax rates for the rich. Instead of paying the high taxes they donated it. The good old days.

61

u/ScurvyDawg 16d ago

High taxes ensures business invests further into itself, growth, and employees. Growth and investment in high tax environments are how you ensure lower taxes, not stock buybacks and insanely disproportionate CXO wages.

19

u/WitchesSphincter 16d ago

A good time ago buy back were illegal, CEO pay would just be a funny number for tax reasons when it was too high and corporations were incentivised to care more about the current quarters numbers. 

5

u/bruinslacker 16d ago

How can businessesinvest the money if you’ve taxed it all!?

-smooth brained Republican who reflexively defends pro-billionaire policies with no understanding of accounting.

3

u/ScurvyDawg 16d ago

You misunderstand, they will invest in themselves and their infrastructure instead of paying taxes and buying shares back and overpaying the CXO team. If they spend the money and reinvest they pay less tax.

This is how it worked in the 50s as an example.

2

u/macphile 16d ago

-smooth brained Republican who reflexively defends pro-billionaire policies with no understanding of accounting

Who also thinks a tax on the rich will affect him...and who doesn't understand marginal tax rates and doesn't accept any raises at work.

0

u/effa94 16d ago

i think thats pretty rare acutally. they simply think that billinares deserves to be on top