Income inequality "solutions"

[tylerwylie]

What most people don't understand in no corporation pay income taxes. Any taxes they do have to pay are passed on to the consumer, so the taxes are coming out of our pockets, not the corporations.

Employees also pay via reduced wages.

 

[Low Class]

Or we could have nationalized industry and business and cut out that built in profit margin that's also just another way to take money from the people.

Cut out competition and let the government run it guarantees higher costs.

 

[Unrepresented]

Employees also pay via reduced wages.

Because our system prioritizes that the richest and most powerful get richer first and leave the rest down the ladder to fight over the scraps.

 

[Unrepresented]

Cut out competition and let the government run it guarantees higher costs.

It cuts the profit margin off the top plus it cuts all these "corporate taxes factored into the prices" out too. That's a lot of percentage you were previously just complaining about.

 

[Low Class]

It cuts the profit margin off the top plus it cuts all these "corporate taxes factored into the prices" out too. That's a lot of percentage you were previously just complaining about.

What's to stop the government from raising the price on whatever industry they control in order to tax the people as they please? Don't think for a minute the government would get involved if it's not lining someone's pocket!

 

[tylerwylie]

Because our system prioritizes that the richest and most powerful get richer first and leave the rest down the ladder to fight over the scraps.

I would say the corporate fascist regime we are subject to now encourages this sort of power structure. It starts with public education. What better way to prepare the minds of the masses for this almost subserviant lifestyle than to force them into public schools.

 

[Unrepresented]

What's to stop the government from raising the price on whatever industry they control in order to tax the people as they please? Don't think for a minute the government would get involved if it's not lining someone's pocket!

I can vote for my government for free. I can't vote for corporations without having disposable income.

My ability to control the market and government from the ballot box is much more realistic than my potential as a shareholder.

I would say the corporate fascist regime we are subject to now encourages this sort of power structure. It starts with public education. What better way to prepare the minds of the masses for this almost subserviant lifestyle than to force them into public schools.

I am assuming this is tongue in cheek unless you've out-radicalled me.:|

 

[Bob Lee (QSC)]

Sure they do, more taxes means they would have to raise prices and make them less competitive and hurting sales.

That implies that they DO in fact pay taxes, not simply adjust prices to pass the entire amount along. It's all dependent on the Law of Supply and Demand.

If there were truly a 1:1 elasticity of price to costs—taxes, wages and salaries, cost of goods, and all other overhead—then there would also be a comparable relationship between desired profit and price, and companies could raise prices at will to cover anything, even to simply have that much more bottom line. Or they would lower prices accordingly any time that costs decrease, just as a matter of routine. We all know it doesn't actually work that way.

 

[Vic Winters]

I am fairly sure a lengthy Wikipedia search might provide me with proof that private industry has wasted money somewhere, some time too.:|

And then they fail. They don't get their broken system propped up by tax payer dollars... Unless they strike a deal with the government.

 

[tylerwylie]

I am assuming this is tongue in cheek unless you've out-radicalled me.:|

Most likely the latter. The State is just a proxy for violence. The idea of a social contract is bunk. An institution that is granted an exemption from the same morals we hold each other to will attract the kind of people who will use the power for evil.

 

[Low Class]

I can vote for my government for free. I can't vote for corporations without having disposable income.

My ability to control the market and government from the ballot box is much more realistic than my potential as a shareholder.

.:|

You don't have to be a shareholder, the market votes with it's pocketbook in most situations by deciding which products is buys or does not buy. Government control of an industry gives you no choice. Given the political climate this country finds itself in you're going to trust a politician to do what he promises in a campaign?

 

[tylerwylie]

You don't have to be a shareholder, the market votes with it's pocketbook in most situations by deciding which products is buys or does not buy. Government control of an industry gives you no choice. Given the political climate this country finds itself in you're going to trust a politician to do what he promises in a campaign?

Socrates warned us of the dangers of a democratic government many many ages ago. If the majority of people want something done, you don't need to use violence and force to get them to do it. Instead, the State exists to impose the will of a minority upon the majority using force and violence.

 

[Low Class]

That implies that they DO in fact pay taxes, not simply adjust prices to pass the entire amount along. It's all dependent on the Law of Supply and Demand.

If there were truly a 1:1 elasticity of price to costs—taxes, wages and salaries, cost of goods, and all other overhead—then there would also be a comparable relationship between desired profit and price, and companies could raise prices at will to cover anything, even to simply have that much more bottom line. Or they would lower prices accordingly any time that costs decrease, just as a matter of routine. We all know it doesn't actually work that way.

If a corporation is working on a small profit margin and the taxes are raised on that corporation where they can no longer make a profit what are they going to do? Raise the price to the consumer!
If corporations set their prices based on desired profit alone they are likely to price themselves out of the market.

 

[Bob Lee (QSC)]

And then they fail. They don't get their broken system propped up by tax payer dollars... Unless they strike a deal with the government.

Are you saying that any private company that has not failed has never ever wasted money?

I've worked in private industry since my teens, and there's always some waste. Smarter companies keep it to a minimum, but it's impossible to eliminate totally.

 

[tylerwylie]

If a corporation is working on a small profit margin and the taxes are raised on that corporation where they can no longer make a profit what are they going to do? Raise the price to the consumer!

Or go out of business. Imposing new costs on competitors who are on the margin that will then cause them to go out of business can be quite lucrative. In the end, the consumers lose.

 

[Unrepresented]

And then they fail. They don't get their broken system propped up by tax payer dollars... Unless they strike a deal with the government.

My point is, private industry makes horrible decisions all the time, and yet instead of forever talking about "New Coke" or the "Mustang II" we hear about the wisdom and ingenuity of entrepreneurs and the inefficiency of government.

Ultimately, a lot of that has to be chalked up to propaganda.

Most likely the latter. The State is just a proxy for violence. The idea of a social contract is bunk. An institution that is granted an exemption from the same morals we hold each other to will attract the kind of people who will use the power for evil.

The bar has been raised.:|

You don't have to be a shareholder, the market votes with it's pocketbook in most situations by deciding which products is buys or does not buy. Government control of an industry gives you no choice. Given the political climate this country finds itself in you're going to trust a politician to do what he promises in a campaign?

My views on the Yachting industry have gone unacknowledged thusfar.:|

And you don't have to vote for a politician, just the person you feel best represents your view.

 

[Bob Lee (QSC)]

If a corporation is working on a small profit margin and the taxes are raised on that corporation where they can no longer make a profit what are they going to do? Raise the price to the consumer!

If they can, but it will probably not be a dollar-for-dollar-cent-for-cent increase. Otherwise they could also just raise prices to dial in a higher profit margin for themselves. There's still that tough nut of supply and demand dictating price, though.

 

[Low Class]

If they can, but it will probably not be a dollar-for-dollar-cent-for-cent increase. Otherwise they could also just raise prices to dial in a higher profit margin for themselves. There's still that tough nut of supply and demand dictating price, though.

Supply and demand is always part of the equation, but no corporation is going to price themselves into a losing situation(except for liquidations, etc.) It may be a dollar for dollar increase if that what it takes to maintain what is needed.

 

[Bob Lee (QSC)]

Supply and demand is always part of the equation, but no corporation is going to price themselves into a losing situation(except for liquidations, etc.)

You're right, they won't. But if every tax and other cost could be just passed along with prices set at will, there wouldn't even be any losing situation. That's the fallacy of "{certain entities} don't pay {taxes, wages, dividends, whatever}; they just pass them along to the customer."

 

[MatticusMania]

What if I told you there were no solutions to the ever expanding income gap?