Comments on: Economic Rules? What on Earth are Those? http://www.sundriesshack.com/2008/08/15/economic-rules-what-on-earth-are-those/ Delivering the Best of the New Media Since 2004. Thu, 24 May 2012 18:45:33 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: martinhttp://www.sundriesshack.com/2008/08/15/economic-rules-what-on-earth-are-those/comment-page-1/#comment-664257 martin Fri, 15 Aug 2008 09:32:13 +0000 http://www.sundriesshack.com/?p=5300#comment-664257 Additionally, you can't actually tax a corporation only people (employees, investors, customers). If the government raises taxes on a corporation it can do one or more of several things. Raise the price of the product. Reduce the cost of labor(i.e. wages). Reduce the amount of dividends or other profit disbursements. Reduce quality/quantity of the product at the same price point. Go out of business. etc. etc. etc. I wonder who would actually pay a "Windfall profits" tax on the oil companies?? Hmmmm. Additionally, you can't actually tax a corporation only people (employees, investors, customers). If the government raises taxes on a corporation it can do one or more of several things. Raise the price of the product. Reduce the cost of labor(i.e. wages). Reduce the amount of dividends or other profit disbursements. Reduce quality/quantity of the product at the same price point. Go out of business. etc. etc. etc.

I wonder who would actually pay a "Windfall profits" tax on the oil companies?? Hmmmm.

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