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> it would be impossible for it to not be passed on to renters. Indeed, ALL taxes are passed onto consumers! Agreed. While not immediately intuitive, this is u
by yunohn 5y ago
> it would be impossible for it to not be passed on to renters. Indeed, ALL taxes are passed onto consumers!
Agreed. While not immediately intuitive, this is unfortunately very true for all taxes that are imposed upon institutions, corporations, investors, etc.
I wish this is something that could be fixed in a fair manner…
- pnutjam 5y agoAll taxes are passed on is a very simplistic view. Do I pass the taxes on to my employer when I negotiate salary? Probably to some extent, but this is like saying all cubes are squares and calling it good enough. EDIT: typo
- yunohn 5y agoMaybe you misunderstood my post, but I was not arguing that this is a good thing. But indeed, when you negotiate a higher salary, your employer pays more taxes. And this cost is passed on to the end-users of your employer’s business.
- pnutjam 5y agoI was pointing out this view of "everything is passed on" is simplistic. There are multiple pots that can all be used. Profit, R&D, Cost to consumer, etc...
- yunohn 5y agoI don’t understand how profit and r&d are pots for tax losses? Could you clarify what exactly you mean? A great example is Apple/other electronic products in the EU. They’re just straight up 30% more expensive, which is approximately the extra taxes they incur in EU vs USA. This includes higher VAT, taxes, and even labor/payroll.