A brief pause on exposing the ripoff that is Social Security.
I am weary of hearing constant demands to tax corporations. Corporations, it is believed, are hoarding money that The Establishment believes they (and they alone) can put to better use. Many preach that the unmitigated greed of corporations is an affront to all fair minded people and a chief cause of poverty.
However, the simple fact is any corporate tax is paid with funds collected from consumers when they purchase goods and services.
To illustrate, General Motors’ 2017 Annual Report shows Income Tax Expense of $11,533,000,000 and 9,600,000 total vehicles sold. Quite simply, the price of the average vehicle sold by General Motors in 2017 included $1,201.35 that was collected from the consumer and then handed to government as “corporate” tax.
This simple fact, that funds collected from YOU AND ME are used to pay “corporate” taxes, is true for all corporations including manufacturers, wholesalers, steel plants, theaters, grocery stores, doctor’s offices, drug stores, and gas stations. It is ALWAYS paid by the consumer.
These hidden taxes are highly regressive, pushing up the cost of living on the poor. Curiously, The Liberal Establishment who advocate for higher corporate taxation hold themselves out to be champions of the poor when the poor are the most egregiously injured by this hidden tax. Shouldn’t the left be advocates for NO corporate taxes because of their inherently regressive nature?
Also, The “Conservative” Establishment says that lower corporate taxes will mean more money to pay employees or to distribute to stockholders. That is not surprising as The Establishment is always focused on who gets the money, and not who pays it.
#TheyCantGiveItToYouUnlessTheyFirstTakeItFromYou #YOUpayCorporateTaxes #RepealTheSixteenthAmendment #TheFoundersWeep