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re: So Congress wants to raise taxes on businesses... During a recession...

Posted on 7/30/22 at 8:31 am to
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26139 posts
Posted on 7/30/22 at 8:31 am to
quote:

ALL costs are passed on the consumer

This very fact can lead to potentially an economic depression. At what point do consumers throw up their hands and cry out "I'm not paying $3.49 for a 2-oz. bag of potato chips", or $4.59 for a Marie Callender TV dinner!

You can only raise prices so far. There's always a breaking point to where a product can't be sold at a quoted price and companies then have to shutter their doors. No one will pay $10.59 for "two all beef patties, special sauce, lettuce, cheese, pickles, onions on a Sesame Street bun."
Posted by imjustafatkid
Alabama
Member since Dec 2011
50405 posts
Posted on 7/30/22 at 8:33 am to
quote:

You can only raise prices so far. There's always a breaking point to where a product can't be sold at a quoted price and companies then have to shutter their doors. No one will pay $10.59 for "two all beef patties, special sauce, lettuce, cheese, pickles, onions on a Sesame Street bun."


This is how shortages happen. Companies don't produce things to break even or take a loss.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98683 posts
Posted on 7/30/22 at 8:35 am to
You're surprised?

This is Democrats we're talking about.
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