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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

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     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
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