The bill, introduced by Bernie Sanders last month, intends to curb inflation by placing a temporary 95% tax on excess profits of corporations with a revenue over $500 million. The bill defines excess profits as a profit higher than that corporation’s average income from tax years 2015-2019, adjusted for inflation.
Would you support such a tax? Why or why not?
If such a tax were implemented, do you believe it would have the intended effect of bringing down inflation? Why or why not?
submitted by /u/JaxxisR