DialupFool
join:2005-01-05
North Jackson, OH
| reply to NOCMan
Re: Typical
said by NOCMan  :I'll take that push for a national health care system. It's needed reguardless if it would save businesses some money. On the backend they'd pay higher taxes either way. The only concern with a national health care system is that it has to have a reliable system of checks and balances to make sure that the healthcare is reliable and reasonable. Ummm no. We will pay higher taxes. Businesses DO NOT pay taxes. They simply roll up the cost in the product they sell or service they provide. If you think different your living in a dream.
As far as CISCO , maybe I'll buy some more shares, they have been doing well this year.
Later
JimC |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
 ·Comcast
| said by DialupFool :Businesses DO NOT pay taxes. They simply roll up the cost in the product they sell or service they provide. If you think different your living in a dream. EXACTLY.
I was reading an article recently about how businesses impacted by the minimum wage hikes will have to raise prices now and/or fire people. I couldn't help but laugh as the people being fired probably voted for the pay hike.
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Only SHATNER is Kirk. |
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Ahrenl
join:2004-10-26
North Andover, MA | Except that historical evidence doesn't support this at all. Not to mention the "raise" is actually just to bring the minimum back up to what it was the last time it was "raised" after affecting for inflation. |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
| said by Ahrenl :Except that historical evidence doesn't support this at all. Not to mention the "raise" is actually just to bring the minimum back up to what it was the last time it was "raised" after affecting for inflation. If what you said is true, then no business would be offering any work for the current minimum because they would not be able to hire workers legally at that wage. The fact that workers were willing to work for the minimum means that that that amount was high enough to attract workers to the job.
I know that in much of metro DC, no employer hires unskilled workers legally for $5.15 an hour. The average entry-level job goes for at least $8-$11 an hour (which is not much for this area).
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Only SHATNER is Kirk. |
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PDXPLT
join:2003-12-04
Banks, OR
1 edit | reply to DialupFool
said by DialupFool :
Ummm no. We will pay higher taxes. Businesses DO NOT pay taxes. They simply roll up the cost in the product they sell or service they provide. If you think different your living in a dream. I guess you failed Economics 101. 
While this line is an oft-repeated simplist platitude spouted by right-wing talk show hosts, anyone who's passed freshman microeconomics should know it is not this simple. Just because the cost to produce a good increases, does not mean that the price a seller can obtain for the good will increase by an identical amount. Saying so ignores the effect in the market of the resistance on the part of buyers to higher prices.
Typically, an industry-wide increase in cost (from, say, higher price for raw materials or increased taxes) results in somewhat higher prices, less goods sold, and less profits; i.e., both the consumers and shareholders bear the burden of the cost increase. |
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