Wednesday, February 21, 2018

Taxing Innovators To Pay For Universal Welfare Is A Terrible Idea | Stock News & Stock Market Analysis - IBD

Taxing Innovators To Pay For Universal Welfare Is A Terrible Idea | Stock News & Stock Market Analysis - IBD:

Image result for free clip art robbed at gun point"A new "study" in Britain suggests that by raising taxes sharply on Facebook, Amazon and Apple, the government could pay for a universal basic income (UBI) for all Britons. It's an absurd idea, which is why it can't be counted out.

The so-called FANG companies — the above-mentioned three, plus Google and Netflix — have been vilified now for years in Europe and in the U.S. as "monopolies" and, worse, "predators." When such strident rhetoric is used by politicians, you know they're going in for the kill. There's money to be made in taking down big, successful companies."

No comments: