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/biz/ - Business & Finance


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56059779 No.56059779 [Reply] [Original]

The Financial Times—the premier newspaper among decision makers and financial elite—suggests the best way to combat inflation is to impose a tax on companies for raising wages of employees


>For example, they might announce a baseline reference level of the growth of average hourly earnings over the next year of 3 per cent. They could then implement a tax whereby each firm who grants a wage increase above 3 per cent would be required to pay a 100 per cent tax on the excess.

>Concretely, if a firm awards a wage increase of 5 per cent, it would cost it 7 per cent as it would have to pay extra tax equivalent to the difference between the wage increase granted and the baseline reference level.

https://www.ft.com/content/8ef51b11-ecbc-43c3-9f6c-b70ae1470bc3

is this finally the economic dynamite to bring inflation down?

>> No.56060012

>>56059779
Dumbest idea ever.

>> No.56060034

>>56059779
Mashugana. I'll bring this idea up at my next meeting!

>> No.56060150

>>56060012
Do you have an actual counter argument tho?

>> No.56060180

Government mandated pay caps. How quaintly communist

>> No.56060186

>>56059779
Just make inflation illegal instead

>> No.56060225

>>56059779
Seems like a fun concept. Wagies get to stick the jewish dick further up their ass and then probably screech about it. Would be fun to watch.

>> No.56060241

>>56060186
I'm partial to raising home prices. That way homeowners -feel- wealthier.

>> No.56060247

>>56059779
Oh neat. People will finally quit paying taxes altogether.

>> No.56060335

>>56060150
Why do I need to present one? Nothing argues that this is a good idea. Why not just tax corporations on a sliding scale that only lets them profit a small fraction more every year? Why not tax corporations for raising prices of their product/service they provide? Why not tax everyone and corporations so no one sees more than a few percentage points more income every year? These ideas are fucking stupid. There will always be work arounds. Wtf would the government do with the tax money besides give it back to corporations as handouts.
>hur let's tax corporations for giving raises and attempting to attract talent with higher salaries
Only a 12 year old kid living under their parent's roof couldn't see how stupid this is.

>> No.56060417

>>56059779
Where do I find this windows 98 program? I want to put buy orders using it

>> No.56060424
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56060424

>>56059779
Nothing should be taxed, period.

>> No.56061855

>>56059779
>>56060150
>>56060186
>>56060225
>>56060335
>>56060417
>>56060424
Retards

Inflation is a hidden tax, but you monkeys cant even figure that much. To even post this economical ignorance is pathetic. its as if you just wrote 2×2=5 and present it as something we should discuss. How about you take some time off this board and educate yourself or go jump off a cliff you worthless kike nigger.

>> No.56061928

>>56059779
All this would do is cut consumer spending power, there should be a massive increase in taxation on earnings from goods that have risen in price by more than 5% in a year. That’s not to say you CANT increase prices by that much or more, just the revenue generated from it will be taxed at a significantly higher rate. To discourage price gouging in the name of (((supply chain issues))). Plus this would more or less Eliminate the need of 5%+ raises, as there would be no significant increase in COL.

>> No.56062834

>>56061928
Why make things so complicated though when taxing inflation directly would be much simpler?

>> No.56062996

>>56062834
Because how the fuck do you even tax inflation anyway?
It starts from the fed. Are you going to tax the fed? How does that even work?

>> No.56063016

>>56060150
All this does is nuke social mobility. Why would a company ever give a payrise >3%? It just gives more excuses for big businesses to not give payrises.
Unfortunately, friend-of-saville kier starmer will use this mandate in his next election campaign, it will be spun as a good thing for the lower classes, and he might end up winning off it. This country is fucked.

>> No.56063044

>>56062996
Are you talking about interests rates, or…wait…are you a monetarist? The 19th Century called

>> No.56063701

>>56061855
checked. inflation is a hidden tax for sure but its capable of being discussed in other contexts, even if it triggers autism. also reddit spacing, faggot

>> No.56063711

Everyone here knows it's just a stupid kike idea to further suppress wages and protect their profits. They love inflation, they just don't want wages to ever go up so people are enslaved to it. It doesn't require further discussion. Hitler was right about the jews.

>> No.56064648
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56064648

>>56059779
This entire approach of keeping wages down to combat inflation is so retarded it's hard to know where to start. They're just going to destroy what little is left of an already gutted economy by shifting the burden to the people (would've been your customers and taxpayers) who have already repeatedly been shafted by the parties truly responsible and this is guaranteed to accelerate the problem exponentially. So maybe stop casually giving away billions to the Ukies who are going to get their asses handed to them anyway. Maybe go after the dishonest financial system in general.

>> No.56065191
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56065191

This is just a slightly more complicated version of wage freezes, that plenty of countries have tried in the past to control inflation. Key word - tried. It simply does not work. It just encourages companies to find loopholes around the rules to get the workers they need (i.e. the whole employer based health insurance system in the US started as a way around WWII era wage controls), along with encouraging more payments under the table.

The only actual fix for inflation is for the government & banking system to stop creating as much new money. Frankly, it would be better to remove money creating power from them entirely.

>> No.56065250

>>56065191
>The only actual fix for inflation is for the government & banking system to stop creating as much new money
that alone won't necessarily get rid of inflation as inflation can have many causes other than just credit expansion and government spending. But it would help a great deal.
>Frankly, it would be better to remove money creating power from them entirely.
I don't think getting rid of credit entirely would be for the best, but interest rates should always be floating and not controlled by a central authority. Then the credit market would stay in a balance with booms and busts at fairly steady intervals along the business cycle. In theory.