sc94597 said:
Right. I work in the cost-reduction part of a large healthcare company. Almost every project I work on has a component to reduce labor and operation costs. For example, I am currently working on an ML model to predict which prior authorizations can be fast-tracked to approval and therefore save high-cost clinician time for more complex PAs. A tax increase doesn't change the marginal incentive to reduce costs unless it shifts the company toward the red and there is an investor panic. In that situation usually revenue gets affected too as critical staff are dropped in the panic, and once things stabilize the company starts to rehire again. Large companies are always constantly looking for ways to reduce costs. The effect of tax increases aren't as simple as higher increases -> more cost reductions, as many companies are already operating optimally or as optimally as their cost-saving staff can get them. |
Largely agreed, though I think it accelerates plans at cost savings. It isn't baggage free, which was my only point. I don't buy into this argument (again not your argument) "raise taxes, rich people can't do anything about it."
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