Thursday, February 04, 2010
Driving the rich away
FROM THE COMMENTS
# – # – #
>we should reduce taxes on businesses and corporations because it will create jobs.
Help me understand something: A business sells “stuff”. It adds up all its costs, tacks on some profit, and people but that “stuff”. A corporate tax is just ANOTHER cost. The business actually EITHER passes it along to the consumer OR goes out of business.
(Ignore for the moment that if it reduces its obscene profit to cover the tax so as not to pass it along. It still is passing that tax along by accepting a lower profit.)
So, we should have a ZERO corporate tax for NO OTHER REASON than it conceals exactly how much we are paying in taxes.
ONLY REAL PEOPLE PAY TAXES.
Jobs has nothing to do with it! Honesty does.
If I buy a can of beans, I have NO way of knowing how much “tax” I am paying in the price of that can of beans.
On April 15th, the tax I paid on that can of beans isn’t in what I pay as “my taxes”. It’s hidden.
I think if people knew what they were paying, really and truly, bottom line number, there would be a GIANT revolt. Make the Tea Parites of last summer look like a gardent tea party.
It’s actually much worse than we can intuit. When a company makes a capital good that other companies use to make “stuff” we have taxes on top of taxes being hidden. Buried hip deep in obfuscation.
And the congresscritters like it just that way. Keep the rubes dumb about what they are actually paying for this class of a “new priesthood” in the District of Corruption and other “capitols”!
# # # # #