Skip to comments.Proud of Shep Smith for figuring out that if corps are taxed more, they pass it on to consumers
Posted on 08/01/2019 12:10:16 PM PDT by Jim RobinsonEdited on 08/01/2019 12:28:39 PM PDT by Jim Robinson. [history]
Proud of Shep Smith for figuring out that if corporations are taxed more (tariffs on 'made in China' goods in this case), they pass it on to the consumers.
Now, cut the corp tax rate to zero as Trump said he wanted to do and it'll save us all a pile of money.
By the way, wonder when Shep will figure out how stupid it was to shift all our manufacturing jobs and technology to China in the first place?
tariffs can be avoided by consumers by buying from a different country. HmmmmThis nonsense about tariffs causing price increases was pounded into everyone's head by the people that hate capitalism and our entire economic system.
If businesses can simply raise prices for consumers because of tariffs or taxes, what's preventing them from raising their prices to increase profits whenever they want?
If price increases can just simply be passed on, why should anyone but the consumer care?
The truth is, the consumer will be the last one affected by tariffs.
“By the way, wonder when Shep will figure out how stupid it was to shift all our manufacturing jobs and technology to China in the first place?”
Whose fault is it that businesses shifted production to China and other overseas locations? It is of course due to onerous and profit killing regulations imposed by government.
There is a phrase, “Money goes where money grows”
Shep is completely mad, foaming at the mouth mad and most people would be sedated. He again called the POTUS a liar.
Right. And let the imports be charged a reasonable duty. The foreign companies ought to be paying a fee for the use of our infrastructure.
Now, the national sales tax is a disaster unless the 16th amendment is also repealed. As Pat Buchanan and others have pointed out, we’ll just end up with both sets of taxes otherwise.
It is all a moot discussion unless spending is restored to Article 1 Section 8 levels. Corporate income tax receipts should pretty much fund the military.
Imagine how great the business environment would be even with a 25% corporate tax, a reasonable regulatory environment, real wages going up with a commodity-backed currency, companies returning to the US, and a shift in wealth from banksters to everyone else.
Well if CHIMP SMITH didn’t call it out as “BREAKING NEWS”, it’s not really news at all.
Especially to those of us who know how business works.
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