“assume no negative economic feedback impact from higher taxes”
A ridiculous assumption.
Actually, that's more of a BALD-FACED LIE.
It is nothing short of DECEPTION to push such bullsh!t.
Higher taxes to the companies are passed along to the consumer via higher prices at the cash register.
Higher prices at the cash register means fewer goods purchased.
Fewer goods purchased yields minimal to ZERO profit for the company, yielding subsequent layoffs, firings, closings, and potential bankruptcy for the companies.
totally agree. If raising taxes has no impact on the economy or anything else except growing the money to the government, heck, just raise it to 100% and get it over with - afterall, I’m that will have no impact either.
PS - just like when I go to the range with my .45, the rounds make no impact on the target or anywhere else - guess they just vaporize when leaving the barrel /sarc