On Profits and its Multiple Uses
Posted in General by JFigueroa1 on Jun 29, 2010. 0 Comments
Now I ask, is there a way to make the pursuit of profits our way to solve social problems? Is there a way to steer the invisible hand towards social justice? Is there a way to make the interest of a CEO akin to those of a Nigerian child? Instead of saying no, ill say lets try. Let’s try making the pursuit of profits and the pursuit of social justice compatible. We have done it in the past. Some governments have give tax breaks to companies who turn environmentally friendly.
Are markets moral? They could be more moral. Let’s try to make markets moral. In my country we pay a 7% sales tax. Why keep it 7% for all products? We can charge 10% to a company who exploits children and isn’t environmentally friendly. We can charge 7% to a company who evidences that they are environmentally friendly, 6% to a company who evidence that they keep with labor laws and 3% to those who keep with both. This can give an economic advantage to companies that wanted to change their ways but couldn’t because of profits or make very greedy companies change their ways to maximize profits. This gives also the knowledge to consumers that the higher the sales tax of the product the more suffering or destruction it laid in its wake. Individual human choices are paramount in life. We must try to make conditions so that the correct and easy choices tend to be the same.
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