spectrumc01
I give you....the TRUTH
I have heard this arguement every time someone mentions taxing big business, "If you tax big business all they do is pass the tax onto the consumer, so we really shouldn't tax them." This statement and variations of it, used to make sense until I actually thought about it.
It seems to me that the consumer has X amount of money to put into the economy. It we raise taxes on them they have less money to put into the economy. So not taxing the consumer keeps more money flowing into the economy.
If we tax big business, and they in turn raise their prices, we as consumers have a choice of weather or not to purchase their products. So the raising of prices due to taxation does not get passed on to the consumer because we have a choice of wether or not to patronize them.
I myself would rather tax business and have a choice of where to shop than give business a pass and assume the tax. Good business will adapt and overcome, bad business will go bankrupt and disappear, but isn't that how capitalism is supposed to work? The strong survive and the weak die off.
It seems to me that the consumer has X amount of money to put into the economy. It we raise taxes on them they have less money to put into the economy. So not taxing the consumer keeps more money flowing into the economy.
If we tax big business, and they in turn raise their prices, we as consumers have a choice of weather or not to purchase their products. So the raising of prices due to taxation does not get passed on to the consumer because we have a choice of wether or not to patronize them.
I myself would rather tax business and have a choice of where to shop than give business a pass and assume the tax. Good business will adapt and overcome, bad business will go bankrupt and disappear, but isn't that how capitalism is supposed to work? The strong survive and the weak die off.