Hacker News new | ask | show | jobs
by onlyrealcuzzo 1128 days ago
What?

And force a company that has mostly employees in the top 2% to pay them even more? I'm not sure the average person cares.

To force them to charge less for their product?

To hire people they don't need?

What are you expecting?
1 comments
petersellers 1128 days ago
You can increase the income taxes of wealthy people considerably (specifically income taxes, not business taxes). A 50%+ marginal rate will help motivate C-level execs to opt for re-investing profits into their business rather than into buybacks of their stock to boost their own personal income. At the same time you'd be helping to provide services that will benefit the lives of the bottom 90% of the country with higher tax receipts.

Wealth inequality has been getting steadily worse in the US for decades, and moves like what Microsoft is doing only make that worse.

link
andsoitis 1128 days ago
> increase the income taxes of wealthy people considerably (specifically income taxes, not business taxes). A 50%+ marginal rate will help motivate C-level execs to opt for re-investing profits into their business rather than into buybacks of their stock to boost their own personal income

Why would anyone try to make less money as taxes on them increase? Makes no sense.

link
petersellers 1128 days ago
Because they'd have more capital to reinvest in their business, as I stated. But even if they don't reinvest it the rest of us still benefit in the form of increased tax receipts.
link
AverageDude 1128 days ago
This. Wondering how easily people make things so simplistic (as the other commenters are doing).
link
anonuser123456 1128 days ago
Definitely not this.

Capital is distributed to shareholders when the company has few good options to deploy it internally.

These distributions are then reinvested by shareholders to more efficient purposes.

If a company can’t efficiently deploy its capital and can’t distribute it… it just buys other companies and becomes a conglomerate with ever increasing market power.

link
petersellers 1128 days ago
> These distributions are then reinvested by shareholders to more efficient purposes.

Why do you think this is true (specifically the "more efficient purposes" part)?

link