Thursday, June 26, 2014

The cost will just be passed to the consumer

Why can't corporations pay taxes for things like #publictransit? One argument you still hear goes like this.
We can't force corporations to pay their taxes because they will raise prices and pass the cost on to the consumer and that will hurt the economy.
But prices are determined by the market, are they not? If they raise prices they will be lose business to competitors. Not being able to pay for the cost of doing business means you should go out of business.

So what we have is the elimination of public investment -- education, parks, transport, in order to allow corporations to avoid taxes. Taxes are the price of civilization. No taxes, no civilization.

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