Are tax increases on the wealthy just going to increase prices of the goods and services they offer?
If history is any example yes prices will go up Supply and demand does not apply to food, TV, and toilet paper Yes you can raise prices to offset a personal tax The personal income comes from the profit of the business when profit goes to taxes personal income of the owner of a small business goes down And of course taxes go up as profit goes up, that only means that prices will go up enough to offset the loss The Fair Tax would address and solve all of these issues To each according to his ability from each according to his need
Related Questions
- What happens if the population increases and there is a need to increase government budgets to provide programs and services taxpayers need and/or want?
- Are tax increases on the wealthy just going to increase prices of the goods and services they offer?
- Why increase tax on alcohol to stop underage drinking why not simply enforce the law?
