Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site dciem.UUCP Path: utzoo!dciem!mmt From: mmt@dciem.UUCP (Martin Taylor) Newsgroups: net.flame Subject: Re: Corporate Taxes Message-ID: <1148@dciem.UUCP> Date: Wed, 17-Oct-84 18:24:54 EDT Article-I.D.: dciem.1148 Posted: Wed Oct 17 18:24:54 1984 Date-Received: Wed, 17-Oct-84 21:01:06 EDT References: <545@loral.UUCP> Organization: D.C.I.E.M., Toronto, Canada Lines: 28 ============= The point of the discussion is that the ultimate source of corporate tax revenue is the customers of that corporation. True in an "all else equal" scenario, a corporation cannot merely tack on a dollar-for-dollar increase in the prices of its goods without impacting sales (that's simple supply and demand). However, who bears the burden of that loss? The customers have to pay more for the product, the stockholders lose dividends and appreciation, and jobs are lost for employees of the corporation due to reduced volume. (And lest we get into blathering about those "rich stockholders who can afford to lose a little", let's recall that the largest investors are institutions such as mutual funds, etc, who manage such things as retirement plans, insurance benefits, and similar - all which help the bulk of working Americans). ============= Now I just gotta flame: Why the hell is Ray Simard writing things I agree with? It ruins my whole day to read a sensible article and then see that signature. Sure corporate taxes, like sales taxes, are paid more by the poor than by the rich. The only reasonably fair tax is income tax, nicely progressively graduated (but not so much as to remove the incentive for success). Kill corporate taxes. Kill sales taxes. Kill property taxes. Put paper-pushers out of work. Support better government! -- Martin Taylor {allegra,linus,ihnp4,floyd,ubc-vision}!utzoo!dciem!mmt {uw-beaver,qucis,watmath}!utcsrgv!dciem!mmt