Pretty sure you're thinking I'm supporting the "companies". I'm not. Their sole purpose is to make money, be it for the ownership, board, or investors. Regardless of how you feel about that, it's "real world" economics. , Raising taxes on them comes with consequences, we need to be honest with the ripple effect it causes. The board, shareholders, ownership, etc isn't going to just "take it" and lower their own compensation. They will lower their costs to compensate, in the form of reducing hours, lowering quality of their product, raising prices on their product, lowering other compensation provided to employees, drastic cuts to their workforce, contracting workers, even famously "giving you less chips in a bag" for the same price. Companies will only willfully raise wages when the alternative is to be pushed out of lucrative markets.
Nothing about economics is "basic".