United Nations report on the US

[DonFerrari]

SpokenTruth said:

DonFerrari said:

When you study economy you'll see how good of an outcome you have from high taxes on rich... I'll tell you the basic outcomes, higher prices (because they'll roll the increases to the product price),

Wouldn't that only matter if they are personally liable for corporate taxes such as with an S-corp? Most US companies are C-corps meaning the company and the employees are taxed separately.  How does raising the income taxes on employees lead to an increase price of goods and services?

Or did you mean increased corporate taxes do that?

When people say raise the tax on the rich, when you are talking personal tax on companies you are talking about CEO, owner, shareholders, etc. So when let's say you tax bill gates more for the money he makes in US, he can either make investments in other countries with lesser taxes, increase the price of the products in current market to keep the same return, or other measures that will in the end be worse for the poor.

This desire to tax people to transfer money is quite dangerous and toxic. Because usually everyone advocating for it is thinking it's other people richer than him that will pay for it.