Found @ Samizdata
Nobody pretends that hiking these taxes means â€œordinary peopleâ€ will have less tax to pay. But most folk still believe that companies can be made to pay taxes, shifting the burden away from the rest of us. I have news for you: they canâ€™t.
Corporations are artificial legal constructs: only people can ever pay taxes. The burden of taxes supposedly levied on companies is borne either by investors (through reduced returns on their capital), workers (via lower wages) or consumers (as a result of higher prices).
Targeting firms is just a way of stealthily taxing these people, ensuring nobody really understands who is picking up the bill.
Thank, government run school system. You have made generations of students so intelligent, they don’t know when they’re wrong.
If even just the 100 Level Economics course I took last year were made a requirement for high school graduation, we’d never have another Democrat elected to national office.
And if the two courses I’ve taken this year were also mandatory, we’d never have another Republican elected to national office either.
I know. Dream on, Phil