Comment by smallmancontrov
22 days ago
"I shouldn't be taxed because my employees and customers will be!"
Folks, we've found it! Pure, distilled, refined, 100.0%, 200-proof trickle down economics!
Just one teeny tiny itty bitty problem: r>g
Oops.
22 days ago
"I shouldn't be taxed because my employees and customers will be!"
Folks, we've found it! Pure, distilled, refined, 100.0%, 200-proof trickle down economics!
Just one teeny tiny itty bitty problem: r>g
Oops.
You're getting confused because you are failing to recognize that the owners wealth is being taxed when those other taxes are paid.
If the company had a magical exemption from all taxes, the owner would have a substantially high net worth. The gap between that hypothetical value, and the real value, is the tax being paid.
This is not only self-serving and/or bootlicking drivel, it's economically illiterate at a level that shouldn't exist outside econ 101 class. Taxes on a transaction are paid by the party with less elasticity / bargaining power, which is, in aggregate, the worker.
Also, you didn't address the r>g elephant in the room.
From the governments POV, they don't care, businesses are farms where tax money grows. The corn may claim full ownership of it's kernels, but the farmer and the broker know that the farmer is the one who took the risk and provided all the needs for the corn to safely divide cells all day. The larger the farm, the more money tax revenue harvested.
Thankfully we are not corn, and every one of us is free to break off and make our own farm (or go to another one). However for the last few hundred years, people have flocked away from having their own farms into just safely dividing cells all day on someone else's farm. It's not surprising that capital concentrates when everyone would rather work for someone else than work for themselves. But at least we have a lifeline, where pretty much anyone can sign up with a broker and buy capital assets in a day.