44% of PROFITS, not gross income.
Which means that even if companies were actually charged for the mess they made, they would be operating in the black AND their profits would still be 66% of normal.
I’ll be that guy… 56% of normal
Oh look here everyone, it’s the math guy!
Probably got some fancy education like primary school.
I mean… It’s really hard to subtract 44 from 100.
I think you will find most companies expect 110% minimum….
What company are you with that makes 110% profit margin? Most I’ve worked at are between 10%-40% and that’s including tech companies.
Think it was just a “always give 110% effort” joke.
So, they’d still be wildly profitable, then?
Huh.
‘Wildly profitable’ would not be enough to them.
‘Extremely profitable’ would not be enough to them.
‘Insanely profitable’ would not be enough to them.
Infinite growth is one hell of a drug.
See also: any other form of cancer.
Infinite growth, until you kill your host. In this case the host is the whole human population.
Honestly, the whole world.
Will it recover? Maybe. Life is resilient.
But we’ve already presided over a pretty quick mass extinction that is still ongoing.
Life on earth has recovered from several mass extinctions, life finds a way. Humans are cooked though. Best of luck to the next sapient species to evolve.
The only time infinite growth would be possible is if we became a space faring species and colonized other planets. That would allow us to continue population growth.
Outside of that, infinite growth is impossible since there’s only so many people on this planet and even less who can afford their products.
Capitalism and infinite growth is a microcosm of an organisms drive for infinite growth, which is usually curtailed by all sorts of biological and evolutionsry processes. Like space limitations and scarcity of resources, and I’m trying to figure out what is different between the individuals that form these mega corps and the average organism.
I dunno. Is this a stupid train of thought?
Nah, it’s a intelligently reasonable argument. The world would be saved if we could be rational like this.
Yeah it really drives home just how fucking cooked the situation is.
Sorry kids the biosphere is fucked and human society is an echo of what it once was but there were some rich people who didn’t want to be slightly less rich than they already were.
No. Because some companies would make no profit and others would be unaffected. Who’s going to pay more, Shell or novo nordisk? Shell would simply cease to exist
Huh that’s very reasonable actually. Generous even. Now let’s see what they can pay workers.
As little as they can get away with. And then they’ll brag about record profits.
Yeah, I was thinking… only of their profits? So they can afford to still make a shitload of money and not put out all that pollution?
I mean this is paying for damages, not fixing the pollution
I’d like to see a calculation for that. It seems expenses to be more careful would be comparable, but who knows.
So, 44% of their profits are in fact 100% of our futures? That money didn’t come from nowhere. All of us will pay that debt. Reporting needs to start reflecting that, and legislation needs to be enacted to get restitution. Until then, it’s all toothless.
So what are we waiting for? Fuck em
Oh no not 44% of profits! Won’t somebody please think of the margins!
Sounds like a win win
Boo fuckin’ hoo. Pay up, shitbags.
So 44% of corporate profits are subsidized by the fact they don’t have to pay for waste disposal.
Oh no, not 44% of the extra money that goes into the pockets of already obscenely wealthy people
So in other words, they can afford to pay damages for it. Make them pay!
Narrator: … and so they never did and also got away with it.
Oh shit what will I do if a couple ceos don’t get paid hundreds of millions of dollars?? Won’t someone think of the billionaires and their profit margins???
Lol every single cent of profit above 250 million should be taken from them and that’s being generous
Even with the fine, their huge profits hardly change. This shows that the penalty isn’t enough to discourage pollution. Stronger actions are necessary to make companies responsible.
And what if everyone were honest about what these “damages” should be?
Even this fantasy scenario of consequences is an incredibly low-balled Cost of Doing Business of murder.
