While I understand your point about levying higher taxes on larger corporations to level the playing field, it's important to consider the potential drawbacks of this approach. For instance, heavily taxing these companies might discourage them from further investing in research and development, which could impede innovation. In fact, many breakthroughs in technology, healthcare, and other sectors have been made possible thanks to investments from large corporations.
Moreover, higher taxes could also lead to job cuts, as firms might try to offset their increased financial burden. For example, when France imposed a 75% super-tax on businesses, the result was a decline in investment, job cuts, and a number of businesses leaving the country.
So, how would you propose we balance the need for competition with the potential negative impacts of higher taxation on large corporations?
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