Lounge of Tomorrow

€uromeinke, FEJ. and Ghoulish Delight RULE!!! NA abides.  


Go Back   Lounge of Tomorrow > Squaresville > Daily Grind
Swank Swag
FAQ Members List Calendar Today's Posts Clear Unread

Reply
 
Thread Tools Search this Thread Display Modes
Old 02-15-2008, 05:34 PM   #1
Kevy Baby
Chowder Head
 
Kevy Baby's Avatar
 
Join Date: Jan 2005
Location: Yes
Posts: 18,500
Kevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of coolKevy Baby is the epitome of cool
Quote:
Originally Posted by Ghoulish Delight View Post
Then you disagree with the generally accepted rules of economics.
Maybe so. I meant to add to my original post that the passing on may not be 1:1, but it will be significant.

Also, the passing on may not be direct either. Big Company A gets hit with a 10% increase in their taxes which results in a 2% overall increase in bottom line costs (I am using hypothetical numbers here). They may only be able to pass on 1% (half the additional burden) on to consumers. Then they extract another .5% from their vendors who must then tighten their belts in the form of layoffs or other such economic impact, another .25% in the form of internal layoffs, and the last .25% in the form of lower dividends to their institutional stockholders (read: your and my retirement funds).

There you have it: all 2% of the increased tax burden passed on to the consumer.
__________________
The thing about quotes on the internet is that you cannot verify their validity.
- Abraham Lincoln
Kevy Baby is offline   Submit to Quotes Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 08:32 PM.


Lunarpages.com Web Hosting

Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.