The corporate taxes are paid by the owners through lower dividends and stock values, customers through higher prices and employees through lower pay. When those taxes are lowered I would expect all three to benefit as determined by the free market. I see no reason why one should benefit as a matter of law over the other two.
Well said.
But statist Dems like Cuomo would prefer to use the power of government to move the pieces on the economic chessboard in accordance with their “wisdom.”
That inevitability makes things worse for almost everyone—except, perhaps, for some politicians.
I have made that argument for years. It is rare to find a liberal who can understand it, and even rarer to find one who attempts to respond.
Good entry. You think.
But you might have missed one: what about the use of new income for expansion, therefore promotion, and new employment? The more money that flows into the cache, the more that is available for future considerations. This idea, initiated by liberals, that the owners will just keep the extra money is downright stupid. They already have money, they want more. And the best way is to try to create new income. And more from there. You own the bolt business? Start a nut factory and hire the best nut makers you can find. Make them supervisors and have them train more supervisors for the next plant. Letting the money sit in an account that will get you 5% down the road when you can use a 50% markup for your new nuts, is where the money is.
rwood