Question

corporations search for maximum profit is beneficial to the general welfare of the nation is that it provides important tax revenue that ultimately benefits society through public services and government employment. The more money any business brings in, the more taxes it will pay. Without corporations focus on ways to maximize profits, there would be much less money for essential services such as law enforcement, water treatment, and public roadways to name but a few.

Please give comments on the text. thank you.

Answer 1

Answer: I agree with this text. The major aim of any corporation is wealth creation and promotion of the economic activity. A corporation achieves a number of goals simultaneously through its goal of wealth creation. When a corporation makes profits it pays taxes and more taxes result in more money with the government. The government can use this tax collection for various social welfare purposes and provision of essential services like public roadways, water treatment and law enforcement. If the corporations will not pay taxes or their ability to pay taxes reduces then it will directly impact on the provision of the essential services by the government. The economic activity and increased profitability also ensures employment in the society. The employees of the companies also pay individual taxes and hence the government has more taxes. Thus the corporation search for profit is beneficial to the society and the nations as a whole.