[Disestablishmentarian]

You need to call malpractice on your economics degree if you missed the part about price elasticity of demand.

Because of this characteristic of free markets, only a fraction of corporate taxes, particularly changes in taxes, can be passed to the ultimate consumers of the products.

[spokeshave]

You need to call malpractice on your economics degree if you missed the part about price elasticity of demand.

It's OK...the trivia quiz for Economics has 400 questions

and a thousand answers.

[LonePalm]

I never said that it was ALL paid for by customers, only that there were only two sources of revenue for the money paid to the government as taxes. That portion not paid for by customers must come from shareholders. If you have any other sources of revenue I would be happy to hear them.

In the end, it all comes back to individuals.

FWIW - I got my degree in '77 when it meant something.

WWG1WGA

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)