We need to be kinder to individuals and crueller to corporations
Just a reminder that we are ruled by Corporations who hang above us like a Conclave of Nazgul…
…if the Left want to properly fund our social and physical infrastructure, they must tax the rich.
There are 14 Billionaires in NZ, and 3118 ultra-high net worth individuals worth $50million each, let’s start with them, then move onto the Banks, then the Property Speculators, the Climate Change polluters and big industry!
We need to be kinder to individuals and crueller to corporations
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The Corporate’s and the top 1% and their enablers 10% are sucking the rest of us dry IMHO.
Making corporation tax progressive might be a way to counter the consolidation shown in your picture. Rather than a flat percentage, the percentage would climb with the size of the profits declared. Doubtless there are downsides to that which a good accountant will point out.
But it’s clear now that too much market power is held in too few hands, and secondly, that the natural tendency of markets is towards consolidation, monopolies/cartels and rentier-class extraction – it is certainly not towards perfect competition, equilibrium, and the best outcome for all. The core assumptions of neoclassical economics seem ripe for the bonfire.
I see AB. You want to rearrange the letters and make it as clear as ABC. Good on U.