4 ms·
One way or another, regular folks will pay for it. If it's directly by paying this tax, that's straight forward. Otherwise, the company will take the hit, and
by JonFish85 11y ago
One way or another, regular folks will pay for it. If it's directly by paying this tax, that's straight forward. Otherwise, the company will take the hit, and the cost will flow towards stock-holders, which in general tend to be unions, 401k plans and such. How much of your 401k are you willing to lose due to that cost? How much of your parents' 401k/union pensions is OK to forfeit?
- TheCoelacanth 11y agoThat sounds like an argument for never punishing corporations for anything, which is clearly unworkable. Pension and 401k plans are typically diversified across a broad range of stocks, so they won't be heavily impacted by a single company's stock price dropping. On the other hand, executives and board members, who are actually responsible for the company's actions, will typically have a large amount of that company's stock so they will be much more heavily impacted by the stock price dropping.
- JonFish85 11y agoThat's not how I meant it, but I can see how that's a fair reading of what I said. I don't like that people jump onto ideas very quickly without thinking through the ramifications. I don't think a lot of people realize how wide-reaching effects from quick knee-jerk reactions can be, and how much they can actually have effects beyond the first-order ones.