this post was submitted on 09 May 2024
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I wish people just come out and say what they want instead making these long ass allegorical speeches. The guy wants subsidies.
Jesus... Taxing innovation.
No, we'd be quite happy for you to innovate, we just don't want you to re-enact the opening sequence of Duck Takes, swimming in a pool of cash while most people struggle to make ends meet.
How about this? You fuck off, and someone else can do what you do without being a greedy parasite about it?
It's literally the opposite of taxing innovation. If you reinvest your revenue back into improving the company, you don't pay any tax. If you use the revenue to prop up stock prices instead, expect to pay taxes on the capital gains.
Innovation is incentivized with greater returns. Just because those returns aren't excessively large, doesn't mean it's not there. You still get a net positive on innovating. Cigarettes are taxes in such a way that smoking at all is a net negative for most people. That's what makes it a disincentive.