Sales tax, gas tax, utilities tax, property tax directly or included in rent, excise, all of the taxes imposed on businesses and their owners trickle down to the consumers because they have to increase the price of their products and services to cover what they pay in taxes. Every single tax is always pushed onto the last link in the chain - the consumer, and the poor have to spend the biggest part of their paycheck on consumption.
But the idea of a tax system is flawed to the point that it’s impossible to apply it fairly because the consumer is always the one paying, no matter what you change you can’t get away from it.
Doesn’t matter if you’re Elon Musk or a regular guy you both eat the same amount, sure a regular guy will get a $5 hotdog every day and Elon will get $500 stake every day but that’s peanuts compared to what his companies are supposed to pay and in reality is covered by regular everyday consumers.
Let’s say you are a rich guy who works in a bread oven factory who makes $10000 a month, then a new tax gets introduced and now you are making $8000. You can accept it and take a hit to your standard of living or go to your boss and ask for a raise so you and your colleagues ask for a raise, your boss used to make $100000 a month now he makes $70000 because of the new tax and increased cost. He can accept it and take a hit to his standard of living or increase the prices, so he increases the prices. Now in some bakery one of the bread ovens breaks and needs to be replaced. Because the prices of bread ovens increased the bakery has to charge more for the bread that it’s making to cover the costs. Because the prices of bread increased every customer of the bakery goes to their boss and asks for a raise or increases the prices in their business and so on and so on…
That’s how the tax gets pushed onto the consumer with a side of inflation.
Sales tax, gas tax, utilities tax, property tax directly or included in rent, excise, all of the taxes imposed on businesses and their owners trickle down to the consumers because they have to increase the price of their products and services to cover what they pay in taxes. Every single tax is always pushed onto the last link in the chain - the consumer, and the poor have to spend the biggest part of their paycheck on consumption.
Once again, you are talking about it being unfairly applied. No one is arguing that an unfairly-applied tax system is a good idea.
But the idea of a tax system is flawed to the point that it’s impossible to apply it fairly because the consumer is always the one paying, no matter what you change you can’t get away from it.
“The consumer.” As if every consumer was equal. No difference between the guy panhandling on the corner and Elon Musk.
Doesn’t matter if you’re Elon Musk or a regular guy you both eat the same amount, sure a regular guy will get a $5 hotdog every day and Elon will get $500 stake every day but that’s peanuts compared to what his companies are supposed to pay and in reality is covered by regular everyday consumers.
Of course it matters. You don’t tax everyone the same way in a system where taxation is applied fairly.
If you tax the rich more they’ll increase the prices to offset the cost and you’ll end up paying $20 for bread to cover it.
Weird. That hasn’t happened in Massachusetts after they passed the wealth tax. They also didn’t all move away. Both were predicted.
Also, price gouging doesn’t have to be legal. In fact, it should be investigated and prosecuted every single time.
Once again, you’re talking about an unfair and poorly-applied system.
It’s not price gouging but a gradual increase.
Let’s say you are a rich guy who works in a bread oven factory who makes $10000 a month, then a new tax gets introduced and now you are making $8000. You can accept it and take a hit to your standard of living or go to your boss and ask for a raise so you and your colleagues ask for a raise, your boss used to make $100000 a month now he makes $70000 because of the new tax and increased cost. He can accept it and take a hit to his standard of living or increase the prices, so he increases the prices. Now in some bakery one of the bread ovens breaks and needs to be replaced. Because the prices of bread ovens increased the bakery has to charge more for the bread that it’s making to cover the costs. Because the prices of bread increased every customer of the bakery goes to their boss and asks for a raise or increases the prices in their business and so on and so on…
That’s how the tax gets pushed onto the consumer with a side of inflation.