GreecePwns wrote:Yeah, Woodruff, you're not winning this one. Not all taxes are passed onto consumers, and that taken to an extreme does lead to layoffs. How many layoffs per X increase in taxes is a very, very unpredictable thing to measure due to the many factors in play, but on an abstract, theoretical level john is correct.
Taken to an extreme, sure...as I said, his argument to absurdity of a 100% tax rate.
For the most part, however, taxes are passed on to the consumer and do not result in a restriction of business growth nor an increase of layoffs (other than what would have happened anyway for other reasons).
A intelligent business model increases production (growth) due to an increase in customer purchases. Period. Might tax rates (passed on to customers) affect the increase in customers...well, in an extreme case, sure. But not in a normal case, no. Sales are still to be had.
...I prefer a man who will burn the flag and then wrap himself in the Constitution to a man who will burn the Constitution and then wrap himself in the flag.