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New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?
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<blockquote data-quote="vantexan" data-source="post: 5499633" data-attributes="member: 24302"><p>Corporations can't just absorb costs. They have a fiduciary responsibility to their shareholders to produce profits. They can't just print money like the government. If the government increases their taxes they will pass that along to their consumers in the form of higher prices. Ask yourself how often do corporations just absorb the costs and take a loss? At some point they'd cease to be solvent.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5499633, member: 24302"] Corporations can't just absorb costs. They have a fiduciary responsibility to their shareholders to produce profits. They can't just print money like the government. If the government increases their taxes they will pass that along to their consumers in the form of higher prices. Ask yourself how often do corporations just absorb the costs and take a loss? At some point they'd cease to be solvent. [/QUOTE]
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New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?
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