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submitted 1 year ago by grte@lemmy.ca to c/canadapolitics@lemmy.ca

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[–] frostbiker@lemmy.ca 1 points 1 year ago* (last edited 1 year ago) (1 children)

If you tax their profits, they can raise their prices all they like, those profits will just get taxed, too.

They still make more money than if they didn't raise their profits. It doesn't incentivize then to lower their margins like competition would.

A business is not like an individual. A heavily taxed individual may choose to work fewer hours or retire early, but a business won't.

[–] Mongostein@lemmy.ca 1 points 1 year ago

Then we need a bunch of crown corporations. One each for groceries, gas, and telecoms.