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who wants a $200 a week pay raise
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<blockquote data-quote="revenuerecovery" data-source="post: 55252"><p>This guy is a lawyer, not an economist. He needs to learn that supply and demand set prices, NOT taxes! And not the other way around! Also, corporations get taxed at 35-40%. That's a lot of freakin money. Will a 23% retail tax really make up for that? </p><p> </p><p>So if I understand it correctly, there is only a tax on retail - hence, new stuff, right? If so, that will blow up the secondary market. Who wants to buy a new car and pay 23% tax on it if they can buy it slightly used and with no tax? If you have any understanding of simple supply and demand, then you will know that that will drive up the prices of old/used/secondary items thus eliminating any tax advantage. </p><p> </p><p>I'm not saying this is a bad idea because frankly I haven't researched it and don't know much about it, but this article does a very poor job of promoting it from an economics standpoint.</p></blockquote><p></p>
[QUOTE="revenuerecovery, post: 55252"] This guy is a lawyer, not an economist. He needs to learn that supply and demand set prices, NOT taxes! And not the other way around! Also, corporations get taxed at 35-40%. That's a lot of freakin money. Will a 23% retail tax really make up for that? So if I understand it correctly, there is only a tax on retail - hence, new stuff, right? If so, that will blow up the secondary market. Who wants to buy a new car and pay 23% tax on it if they can buy it slightly used and with no tax? If you have any understanding of simple supply and demand, then you will know that that will drive up the prices of old/used/secondary items thus eliminating any tax advantage. I'm not saying this is a bad idea because frankly I haven't researched it and don't know much about it, but this article does a very poor job of promoting it from an economics standpoint. [/QUOTE]
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who wants a $200 a week pay raise
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