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The companies will rise prices to make up for it, after all, taxes are just another cost of doing business.
by tormock 4y ago
The companies will rise prices to make up for it, after all, taxes are just another cost of doing business.
- codingdave 4y agoWhat companies are you referring to? This tax would be on households.
- tormock 4y agoThe households of billionaires are very closely related to some well known companies... I bet that you knew that. They don't even need a loophole to make up for the loss...
- downrightmike 4y agoThen we tax them more, 95% was the norm.
- JumpCrisscross 4y ago> 95% was the norm No, it never was. There was a headline rate at that level. But the actual rate was much lower.
- bediger4000 4y agoNonsense. There's quite a bit of room to work with when billionaires get taxed. It's not like a billionaire's compensation is equivalent to the cost to write and print a book, so that any tax on the book must be made up with a price increase. You can see this in what people did with pandemic relief checks: regular people used it to buy necessities, or pay rent. The rich invested it. If the rich hadn't gotten a relief check, they wouldn't even have noticed.