@averagejoe1 saidCorporate profits are at all-time highs.
Oh, Marauder. OK, here it is simply. Today, right now, restaurants are raising hell out of prices in order to stay afloat, mainly because of what they pay for meat and produce. A given. And if the tax man cometh, they will raise them a bit higher. Econ 101? No, more like common sense, logic.
Simply apply this rationale to corporations. Are you telling your reade ...[text shortened]... , Until you push Marxism through congress, corps can do anything they want to in the way of profits.
Explain that one.
@AverageJoe1
One thing I see, your link starts with the word 'opinion'.
In MY opinion you are a POS who should never be allowed to even TYPE.
@averagejoe1 saidJoe, every corporation knows that, for every product they make, there is a price ceiling, beyond which, their profit begins to go down, because no one in their right mind wants to buy the product for that much.
My point is simpler. The board, working for their stockholders, has to make 5%. If tax increase affects their bottom line, they raise prices. So, the consumer in effect pays the tax.
So, you are saying they would, or worse should, Not raise their prices? Hah, all of them are doing it now, because of inflation, cost of raw materials.
Am I missing something? Are ...[text shortened]... e price’...because he already has!?!?
What? Could you rephrase for your readers....and ME!??!??
Do you understand now?
I thought this was basic supply-and-demand.
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@averagejoe1 saidJoe, my question remains unanswered: do you, Joe, know what a supply-and-demand curve is, and what linear programming is?
Your first question: His profit is 5%, and he wants to keep it that way. If his cost to create the widget goes up, due to increased tax and/or parts, then his profit is affected, ...it goes from 5% to 4%.
Help! What is he going to do?
What is he going to do? Please tell me, and please rephrase rest of your post. For instance, I don’t understand “..raising prices just covers the price of widgets for the goodies (?)”... what does that mean?
Or rather, you've answered it all to eloquently, in this very post, by demonstrating quite clearly that no, you have not the slightest idea what a supply-and-demand curve is, and your understanding of how a market works is worse than abysmal.
How you describe the market works is not how it works in practice. You need to read less Ayn Rand and more Economy 101 textbooks.
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@suzianne saidWell, I submit this article to you, I haven't the time to study something leads nowhere, I am more contracted on our nation's leadership, and frankly, this is America, and corporations are free to charge what they want to, folks can shop around. That is, unless a certain Marxist and you socialists fix things the way you want them, mainly with government ownership policies.
Corporate profits are at all-time highs.
Explain that one.
Anyway, this article says that your comment is only half true. So, we can split this one!!
https://www.wral.com/fact-check-are-corporate-profits-at-record-highs-because-companies-are-overcharging/20068026/
@no1marauder saidY'all are really in the weeds. This will settle it. Many Business Channel commentaries and guest businessmen often say..." Higher taxes imposed upon corporations are simply passed on to the consumers". I take that for what it says on its face.
Yes, you moron, they already make as much profit as they can.
And the corporate tax is on GROSS PROFITS. It is not on a per unit tax on inputs (like in the examples you keep stupidly using) not is it a sales tax they could be largely passed on to consumers (depending on the relevant supply and demand curves). So the company is already making as much gross profit as it ...[text shortened]... ___________________________________
[Feel free to fill in the blanks telling JB why he is wrong].
So, how do you take it? Are they lying? Are they leaving out all the stuff you just related above? You do parse posts and comments a lot, whereas we conservatives are more clearly factual and to the point. No rambling discussion needed. This is not a business course. Why talk about gross profits, maximization, etc, when in the end, if a corp is taxed to where they only make 2 cents instead of 5 cents on a pound of tomatoes, they will be having a Saturday morning board meeting and their prices will be voted to increase on Monday.
Whew. Complicated stuff,,,,even in the board room..but, we see here the end result, do we not? Or, are the commentators wrong? They have their reputations on the line!
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@averagejoe1 saidYES!
Y'all are really in the weeds. This will settle it. Many Business Channel commentaries and guest businessmen often say..." Higher taxes imposed upon corporations are simply passed on to the consumers". I take that for what it says on its face.
So, how do you take it? Are they lying?
How often do you have to hear these corporate multibillionaires lie, to start believing that they might... you know... lie!?
By the way, you still haven't explained how you can claim to be a business owner, yet not understand how a basic supply-and-demand curve works.
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@shallow-blue saidI haven't, and won't, get into discussing biz school subjects. Especially with members here like the jester, a back-row kinda student. Imagine his getting into such. discussion. And I would be expected to respond to him. No thanks.
YES!
How often do you have to hear these corporate multibillionaires lie, to start believing that they might... you know... lie!?
By the way, you still haven't explained how you can claim to be a business owner, yet not understand how a basic supply-and-demand curve works.
These are general conversations, you could get the RHP to open a new forum on business. Not interested. To me, this is simply fun, each of us unearthing and unmasking each other. I get to make up questions that libs will not answer which makes me a winner! Libs dont like winners and that makes it fun too.
Try this: Why do libs want to get the money of the billionaires? Because that is where the money is!!!! ( Robber Willie Sutton, when asked why he robbed banks). That still applies in today's lib society, except it is from the middle class that the IRS is about to get about $20B!
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@shallow-blue saidI didn't say anything about the corp multibillionaires, they may lie, I dont know , but I do respect the comments of contributors to the news business segments. You don't have to, but, hey, who you gonna trust? Bernie Sanders? Who do y'all have, anyway.
YES!
How often do you have to hear these corporate multibillionaires lie, to start believing that they might... you know... lie!?
I have a problem with your leaders, like Bernie, bent on punishing success. Punishing the job creators. You work for a job creator, do 'ya?
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@averagejoe1 saidIf a business puts their prices up for whatever reason a leaner meaner business will come to the market with a more competitive price. In fact taxing the larger more established corporations can be a shot in the arm for the smaller new comers to the market. Any given corporation can either adapt to a higher tax environment or fold and make way for innovation.
I haven't, and won't, get into discussing biz school subjects. Especially with members here like the jester, a back-row kinda student. Imagine his getting into such. discussion. And I would be expected to respond to him. No thanks.
These are general conversations, you could get the RHP to open a new forum on business. Not interested. To me, this is simply fun, ...[text shortened]... in today's lib society, except it is from the middle class that the IRS is about to get about $20B!
Shallows right you do not have the first clue as to how a market functions do you Joe.
@kevcvs57 saidActually, your entire post is exactly right, except where you say that I have no clue about the market. But I must have a clue, since I AGREE with your post here!
If a business puts their prices up for whatever reason a leaner meaner business will come to the market with a more competitive price. In fact taxing the larger more established corporations can be a shot in the arm for the smaller new comers to the market. Any given corporation can either adapt to a higher tax environment or fold and make way for innovation.
Shallows right you do not have the first clue as to how a market functions do you Joe.
@kevcvs57 saidIn fact, some megacorporations avoiding any corporate taxes by the use of loopholes while other corporations are paying tax is an unfair public subsidy to the former. Ending that practice and requiring them to pay at least a 15% corporate tax on profits over $1 billion should tend to make markets more competitive and reduce prices in the long run (or perhaps sooner).
If a business puts their prices up for whatever reason a leaner meaner business will come to the market with a more competitive price. In fact taxing the larger more established corporations can be a shot in the arm for the smaller new comers to the market. Any given corporation can either adapt to a higher tax environment or fold and make way for innovation.
Shallows right you do not have the first clue as to how a market functions do you Joe.
@no1marauder saidIt might be a recent phenomenon but you sometimes hear some of the bigger corps like Apple complaining of being too cash rich, right now the big energy companies are doubling their profits for no extra investment or effort but if you mentioned windfall tax to Joe he’d start screaming about individualism being sacred or telling us to man up and stand on our own two feet.
In fact, some megacorporations avoiding any corporate taxes by the use of loopholes while other corporations are paying tax is an unfair public subsidy to the former. Ending that practice and requiring them to pay at least a 15% corporate tax on profits over $1 billion should tend to make markets more competitive and reduce prices in the long run (or perhaps sooner).