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by Sparkle-san
357 days ago
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Using that money to retain staff during a downturn instead of doing layoffs sounds great and would make sense as something to incentivize through the tax code. There's definitely a point where a company can have an unreasonable amount of cash on hand. |
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“Company ABC made a billion last quarter and still had layoffs. Why are they so stupid? Can’t they save for a rainy day?”
“Company XYZ made a billion for the last 12 quarters. Why aren’t they giving it to their employees, or paying a wealth tax?”