https://www.businessinsider.com/amazon-not-paying-taxes-trump-bezos-2018-4

Read up Pelth.

It reinvests its profits

so it has none

I do think we need to make it easier for people to aquire patents and create businesses. Our financial education in school also needs completely changed. we have lower income people using credit to live above their means. we have taught by example and through our education that credit is ok which can be if used properly.

Donald Trump: Amazon is getting away with murder tax-wise.

It is very easy to start a business.

sure, but it has no profits to tax because it spends it all

they pay taxes in many other areas though

> based on what I just read the VAT tax has had mixed sucfess world wide.

What have you read?

> it has potential to create higher tax revenue for governments but increase the cost of products, driving inflation because ultimately it is the consumer that pays tax.

Governments will almost always tax products that are price inelastic, giving them guranteed income. VAT alone does not cause inflation, only a long term expansion of monetary base does that.

> I still say this is a heavily bureacratic burden on businesses. The better solution is to create more better paying jobs, thus increasing the tax paying base.

Creating jobs comes with burdens, this isn't an easy way out. Higher wages would increase production costs, and you guessed it, inflation.

there are more taxes than just income tax

or are you stupid

https://tenor.com/view/stars-gif-10161303

I do not have the answer to this issue. I do like to hear other perspectives and maybe learn a thing or two. Thanks for the discussion @Deleted User

Np. I suggest reading Sowell's basics of economics book if you're getting into economics.

Ill look it up

GG @BIBOMO, you just advanced to level 2!

No need.

Thanks!

Thanks for the trojan virus

Nah I'm playing

Lmao

Quarantine and Scan is a gift from god

And by god I mean antiviral software

>Since 1980, he has worked at the Hoover Institution at Stanford University. He writes from a libertarian conservative perspective, advocating supply-side economics.

bruh

supply side economics was debunked decades ago

>chicago school of economics

Yet in the 80s we still had trickle down economics

right now we have a "new neoclassical synthesis" calling the economic shots

and that shit has been debunked decades ago too

imagine you go to university

you spend 3 years learning one school of economics

then you do a masters and/or PhD in that school of economics

these people arent even exposed to alternatives or refutations

and they've spent a decade learning their school

so naturally, these people are going out into the real world in true belief of their school of thought, that this is the *right way* to perceive the world

Now imagine that almost every university course teaches neoclassical derivatives

almost everyone will go into the real world being.... a neoclassical!