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Corporate tax receipts decline, fueling wealth concentration

Corporate tax receipts have significantly decreased as a percentage of pre-tax profits, contributing to wealth concentration at the top. The author questions whether this trend can be reversed given the control over information channels and the support from central banks and governments. AI

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RANK_REASON The item is a social media post discussing economic trends with a tangential mention of AI, lacking specific newsworthy events or analysis.

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Corporate tax receipts decline, fueling wealth concentration

COVERAGE [1]

  1. Mastodon — mastodon.social TIER_1 · shreyasd ·

    Corporate tax receipts as percentage of corporate profits before taxes is in a long decline. Explains why all the wealth is getting concentrated at the top. How

    Corporate tax receipts as percentage of corporate profits before taxes is in a long decline. Explains why all the wealth is getting concentrated at the top. How does this change? When all the channels of information are being controlled and central banks, governments have their b…