Without profit there is no reason to stay in business. That is an honest, up-front fact. And taxes are not controlled by the natural laws of the market place. Capital is the basis of production in all economies. It can be created only by savings.
Someone has to cut down on consumption and divert savings to machinery, land and operating capital.
Once capital has been created, it can be obtained by borrowing. It also can be obtained by stealing it. In that case, there isn't any overall increase of capital likely to ensue. It is just transferred from one person or segment of society to another. Then, to add insult to injury, the socialists accuse business of inefficiency and lack of social conscience for seeking a profit that can rebuild its capital.