Don’t be a muttonhead; there’s never been a tax on corporations that hasn’t been paid for by consumers, and that’s you and me, brother. Having big companies oppose this taxation is a GOOD THING.
YES, the BoD at Disney are leftist poltroons, but they have the business sense to understand the dynamics of taxation and how it hurts their business by harming their customers.
Disney is right now trying to entice people to come back to their theme parks; they’re advertising all-day tickets for “just” $83, when all-day tickets haven’t been below $100 for a decade. A 7% tax bump right now, most of which they’d about HAVE to pass right along to paying customers...? Not EVEN what their business model can absorb; they’re still in recovery and got their fingers crossed there’s no more Greek letter variants gonna show up and close the planet down, again.
Think of it this way: taxing corporations is how Congressional leftists put the screws to Mr. and Mrs. Main Street while hiding behind corporate America. These politicos know the companies will have to jack up their prices to cover the additional taxes, and when they do, guess who is actually paying the tax? Yeah, that’s you and me, Pal. And guess who looks bad? All the corporations get blasted as greedy ogres is what happens EVERY single time.
And guess who goes whistling on their merry way smelling like a rose? The very dirty leftist dogs who caused the whole crapfest, THAT’S who!
Oh, and guess who comes out to blast the corporations for not eating the tax themselves? Community Organizer types working hand-in-glove with the same Congressional commies who wrote the tax bill. Those Prog rat bastards get a win/win/win and big media never takes our side of the issue and gives ‘em any bad press.
Proggies get tax revenue for their accursed proggie programs.
Corporations and capitalism get an unearned black eye.
And the American consumer gets left holding the bill.
Well said. And I mostly agree.
The exception concerns the belief that consumers alone bare the brunt of taxation. It’s never that simple. The effect of taxation is organic in the sense the entire corporate body suffers — investments, reinvestments, inventory, payroll, purchasing power, earnings, market value, dividends, competitive flexibility, product availability/quality, and the remaining FUD.