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I agree. I totally agree that corporations need to be paying these taxes. Totally agree. But let's be clear what will happen. Their profits will immediately
by dotBen 15y ago
I agree. I totally agree that corporations need to be paying these taxes. Totally agree.
But let's be clear what will happen.
Their profits will immediately drop. They will put up prices in order to stem the decrease in profit. We will all pay a lot more for the same goods we used to pay less for.
And not just when we buy directly from the very same corporations, but b2b companies will be forced to pass on the costs incurred by GE's price increases, etc.
- knowtheory 15y agoI'm not sure i agree, but i don't know that i'm qualified to speak on the subject. In the case of necessities w/ inelastic demand, maybe that's possible. But w/ products where there are viable alternatives, i don't agree that that's a necessary consequence. And even things like gas usage, there is flexibility in the demand. There is definitely some driving that has to be done, but people can and do cut back on the amount of travel they take because of gas prices. Also, there are sometimes alternatives to that means of travel too.
- dlikhten 15y agoWell, then let the prices be fair, they will enable other small businesses to rise up and make more efficient models. That is no real excuse, and these companies are making enough money. Ask yourself if the profits they make are not too much.