Economics 101- For those who need a refresher. In a capitalist society businesses (corporations) maximize profit by incorporating all costs in doing business into the price of their product. This is to maximize profit for the owner (shareholders etc.). Any call for an increase in corporate taxes is an assault on the consumer and raise the cost of whatever product/business you are targeting. Corporations pay no tax but merely redirect these costs into their products or services. This is by design and created the most prosperous country ever. Calls for tax increases merely keep the poor poor by raising the cost of everything to those who can least afford it.
Posted on: Mon, 08 Sep 2014 20:28:47 +0000
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