A good question
This article asks a good question, what is a "windfall profit" and should it be taxed? As you know B. Hussein Obama wants to give everyone a $1,000 check paid for by oil company "windfall profits". I think this article pretty much destroys all the logic behind that thinking, but we will see if anyone is paying attention.
I will say it over and over like a broken record, companies don't pay taxes, we do. The taxes that companies pay will be added to the total cost of a product, so stop taxing us by "taxing" businesses.
I will say it over and over like a broken record, companies don't pay taxes, we do. The taxes that companies pay will be added to the total cost of a product, so stop taxing us by "taxing" businesses.
posted by davis14633 at 06:32
1 Comments:
That's one of the many pitfalls of the idiocy known as "demand-side economics." It overlooks all the underpinnings of a functional industrial economy, and instead operates under the assumption that manufactured goods and services simply exist independently of the production economy, as if Minerva sprung whole from the brain of Jupiter.
If you want to see a comparison of demand vs supply economics and their effects, look no further than Carter vs Reagan. I believe the results speak for themselves. So if you want a return to the bad old days of stagflation, please be sure to vote the Obamessiah into office. He's the man with the plan -- to steal everything you've got.
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