6. I, too, hate that talking point; but ...
I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.
And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.
First, I bet that this DUchebag is a 95 pound pimply faced white teenager with uber liberal parents.
Second, a corporation will not just sit back as their share holders lose money by giving it to the government. It is very simple math to make sure that any tax increase is a zero sum game. No simple arithmetic that is so hard aon a DUmmy.
A) "Greedy Corporation" makes $1000 in profit.
B) "Greedy Corporation" pays the government $350, which is pretty outrageous considering the governement did not risk anything or work at all towards GC's revenue.
C) "Greedy Corporation" new tax rate under Super Greedy Socialist Government has to pay 50% or $500 to the Super Greedy Socialist Government. a net difference of $150 dollars. No will GC just lay back and let Super Greedy Socialist Government take $150 out? NO!
D) GC will raise prices so that they still get $650 net earning after taxes even with the new rate which means they will have to make $1300 in profit to just stay even. The customers will make up that $300 more in higher prices.
E) Because Super Greedy Socialist Government is upping the rate on all GCs, the overall cost of business of GC's suppliers will go up which increases the cost of all parts and services in the product GC makes. Which means the price will go up even more.
The other alternative is GC says **** it and goes off shore in which case Super Greedy Socialist Government gets nothing and Americans lose jobs, but it is fair.
The basic premise of the primitives is that when taxes are hiked they will not be passed on. That was the reaction to my renters when I raised the rent because 0bama's tax bill known as HellCare decreased my profit by charging medicare tax to the Schedule E. They too thought it not fair but ended up paying it. I made not a dime more but it cost them more to live each and every month.