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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (396629)7/7/2008 5:55:02 PM
From: tejek  Read Replies (3) | Respond to of 1576162
 
Republicans argued we shouldn't pass a windfall profits tax on the oil companies because the oil companies were run by such big crooks they would just illegally pass the tax on to consumers.

Windfall taxes are a dumb idea. Of course, all taxes are passed on to consumers.

Good. The more expensive gas becomes the more likely we will find all alternatives. And the windfall tax can be used to advance the research of those alternatives.



To: Brumar89 who wrote (396629)7/8/2008 11:01:57 AM
From: SilentZ  Read Replies (2) | Respond to of 1576162
 
>Of course, all taxes are passed on to consumers.

Is that true? It isn't. That's not the way markets work.

Now, if the demand is elastic enough, then consumers might pay the higher prices. But if it isn't, those taxes will have to be absorbed elsewhere.

-Z


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