3 ms·
Maybe not all of it everywhere, but yes. Any tax is always passed on to the "end users" to certain extent (-/+ elasticity and competitiveness) - something that
by dpc_pw 7y ago
Maybe not all of it everywhere, but yes. Any tax is always passed on to the "end users" to certain extent (-/+ elasticity and competitiveness) - something that a lot of people don't understand. If you tax 50% income of people who make a lot of money (like CEOs), with time they just demand about 2x more than before to compensate and the tax is being paid by the consumer anyway. If you tax all surgeons, regular people will pay in insurance, and so on.
- anoncake 7y agoThey already demand what they think they can get. Taxing CEOs at 50% doesn't magically double what their labour is worth.
- sieabahlpark 7y agoTheir worth is originally calculated based on what they take home. If you cut what they take home in 50% they are making less than what they consider their worth.