alt Hacker NewsA fairer way would be requiring all excess profits be invested in hard assets like factories, infrastructure etc. capital should be forced into competition and create excess capacity.
A fairer way would be requiring all excess profits be invested in hard assets like factories, infrastructure etc. capital should be forced into competition and create excess capacity.
This was one of the effects of the 90% rate for the highest tax bracket. It incentivized reinvesting money into the economy, rather than taking profits.