ButchPlz
We do a little trollin'
- Joined
- Aug 27, 2014
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I'll caveat it with this- that works to a point.Yup. I think this is pretty simple to understand. I always find it so laughable when the left wants to raise taxes on the "rich". Even if they succeed in doing so, the rich....who own businesses...would simply increase their prices to make up the lost revenue. Example: A fast food chain nets a 10 to 20 percent profit every year. Their taxes go up by 15 percent. They gonna just eat that loss and eventually have to close their doors? Nope! they will write it off and/or increase their prices. Congrats, your burger just went up in cost by 15 percent. Absolute geniuses, and more virtue signalling. Look what we did! We made the rich pay their fair share! Hahahahaha! What idiots!
Where my wife and I had our business, people are generally poor (low and falling wages for the region, etc.)- they have very little price flexibility. So the local council keeps increasing taxes on everyone (reducing the money customers have and reducing what we had) so when we try to pass on what we could the customer base couldn't afford it. Essentially, taxes price most small businesses here out of business. The downtown is 3/4 vacant now since the extreme left/majority black/"justice"-focused council took over for the more moderate council.