“”””””””””And if an industry can’t pass along higher and higher and higher taxes and other costs then the weakest competitor goes out of business; then the second weakest competitor goes out of business; and so forth and so on.”””””””
Sort of. If you somehow don’t have competition from other countries where the tax is much lower. High taxes are good if you want everything to come from China. Not so good if you are an American business. The market will tolerate only so much.
Higher taxes are almost never good.
Higher taxes are used to support bigger governments with more people and more power.
And big government never goes away; it just becomes a base for more and more and more. And still more.
Two million pages in the Federal Register - or is it three million pages now - and the bureaucrats still want more.