Comments on: What The Progressive Mob Doesn’t Understand About Corporate Taxes

By: Dr. Jans Pacebags, esq.

Dr. Jans Pacebags, esq. — Thu, 07 May 2009 06:15:05 +0000

well said, Mr. Delaney.

i found this passage from Mark Levin’s “Liberty And Tyranny” particularly perspicuous:

“Eliminate the progressive income tax…for its purpose is to redistribute wealth, not fund the constitutionally legitimate functions of the federal government.”

By: Kevin Delaney

Kevin Delaney — Wed, 06 May 2009 18:51:52 +0000

The title of your post is wrong. The progressive mob knows perfectly well that taxes pass through. They see taxes simply as a weapon to attack their enemies and reward friends. The damage done to corporations and consumers is seen as a plus.

Progressives are about clever tricks to snatch power and not about engaging in discourse or in finding ways to improve the quality of life.

By: Dr. Jans Pacebags, esq.

Dr. Jans Pacebags, esq. — Wed, 06 May 2009 14:00:11 +0000

it is true that corporations do not pay taxes–they simply collect the tax & pass it along to the government. when the corporate tax rate increases, corporations have 3 options for dealing with it:

1. pay the difference from the profits. but that takes from the shareholder (i.e. the consumer, i.e. the individual).

2. raise the price of the product or service. it should be easy to see that the individual is, again, bearing the burden.

3. cut costs. this could mean lay-offs or benefits cut, both of which affect the individual again. what about buying cheaper components? that may work, but then the original supplier is affected & what happens to him? his employees (individuals) feel the crunch.

if we truly want to close the loopholes, the FairTax is the superior way to go. http://www.fairtax.org

protect the world’s smallest minority group–the individual. FairTax now!

By: American Rebellion Movement: 5 Fine Examples | The American Freedom Network

American Rebellion Movement: 5 Fine Examples | The American Freedom Network — Tue, 05 May 2009 18:58:00 +0000

[...] = Response to Obama’s Unconstitutional Thuggary: I have been following this story closely, as I despise Obama demonization of corporations, their executives, and the investor class and want no part of toxic class warfare. In a nutshell, it seems Obama is threatening Chrysler [...]

By: Tuptian

Tuptian — Mon, 04 May 2009 22:32:17 +0000

I understand and agree that closing loopholes and increasing taxes burdens the end user (consumer). In “The Continentalist”, April 18, 1782 Alexander Hamilton states, “Experience has shown that moderate duties are more productive then high ones. When they are low a nation can trade abroad on better terms, its imports and exports will be larger and duties will be regularly paid…” He even explained “The maxim, the consumer pays duty, has been admitted in theory with too little reserve; frequently contradicted in practice.” Business might not pass on the total cost of the tax to the consumer because they are still beholden to the the laws of supply and demand. If the elasticity of the demand is not sufficient to cover the new expense the business must make up the difference in decreased profits. Also, von Mise in “Planning for the Future: let the markets work” explains the there are those in society that do not appreciate the role of profits play and then need for entrepreneurs.