Adding to excessive corporate profits cannot be good policy

In OECD countries taken as a whole, corporate profitability continues to rise thanks to the reduction in tax on earnings and the skewing of income distribution to the detriment of wage earners. Such a policy cannot be positive, given the already very high level of profits (in the OECD as a whole), which is higher than what is needed to finance corporate investment. It would be better to: Use the fiscal leeway to reduce taxes that create negative distortions for employment, such as corporate social contributions; Increase wages at the same rate as productivity, which would boost household demand at a time when an increase in profits , given their current level , cannot boost corporate investment.