alt Hacker NewsNo country which I am aware of taxes companies for reinvesting profit and for growing. On the contrary, some countries instead give tax breaks to industries if they are large enough. And these are socialist countries.
Thinking about how incredibly many factors have to come together right for a giant business or industry of any kind to be able to exist, I understand that governments are very careful to not poke them with too many sticks. Their products and services exports (and imports) are an incredibly valuable bargaining chip in foreign politics. The only other significant bargaining chip which nations usually have are military threats, and that isn't a pleasant road to travel.
Yes, I understand what you're saying, and I agree with you: promoting growth and reinvestment are essential parts of a functioning economic and industrial policy. But that doesn't mean we have to tolerate massive and harmful wealth inequality, or that the only alternative is an aggressive foreign policy. I mean, what is the implication here? “Leave the super-rich alone, otherwise the economy will collapse like a soufflé if we don't go to war instead”? If that is the final conclusion of economic competence, then everything is going down the drain anyway.