Free Republic
Browse · Search
Topics · Post Article

To: ichabod1
[“Companies don’t pay taxes. They raise prices to offset taxes.”]

Ichabod1 replies:
Everybody always says this. Companies will raise prices to offset taxes IF THEY CAN but that depends on the elasticity of demand for the product. Some products, if they raise prices, consumers will stop buying or find alternatives for. Then their choices are to cut costs or lose money.


Thank you very much, Ichabod1, for inserting the science of economics where it is much needed.

Those of us who have been involved in product/marketing/pricing decisions are fully aware the the price elasticity of demand is a REAL THING--a very predictable and dependable result of price changes in the marketplace.

2,527 posted on 03/17/2019 8:45:39 AM PDT by Disestablishmentarian
[ Post Reply | Private Reply | To 2430 | View Replies ]

To: Disestablishmentarian; ichabod1

Larry Kudlow was on “Newsmakers”, on CSpan, this pm.

FYI, saying that the Trump Repatriation capital is coming in for 2018,

Kudlow couldn’t recall, off hand, what the Joint Tax Committee’s numbers were, but said that amount “has got to be 3x what they projected”!

He added “that money, by the way, is going back into Wages, Bonuses, Dividends, Share Buy Backs and Capital Spending”.

He disputed that the US economy is on some kind of “sugar high”, when Nancy friggin’ Cook (a Politico reporter) said... Won’t the tax reductions and regulations all Peter out????? (Gawd)

The Repatriation is Permanent, and to remember all of this was/is conceived over a term of FIVE years, not One or two. He said our current First Quarter is a little soft, due too the Government Shut Down that he called a “ glitch”, but the stock market is good, consumer confidence is up, the value of the dollar is high. etc.

2,539 posted on 03/17/2019 4:06:39 PM PDT by RitaOK (Viva Christo Rey! Public Ed & Academia are the FARM TEAM for more Marxists coming, infinitum.)
[ Post Reply | Private Reply | To 2527 | View Replies ]

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson