AdamT
DP Veteran
- Joined
- Jul 26, 2011
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Trickle down economics is a scam, and it has been proven so by this recent economic depression. If it did work, however, we'd see improvements such as job growth and increasing wages. The government has even come out with recent statistics stating that the economy was worse than originally stated in 2007-2009. :doh No kidding.
But it is important to note that raising taxes on corporations will only result in consumers paying higher prices for their goods. No matter how high corporate taxes get, corporations will never pay taxes because they will pass the increases on to their customers as the cost of doing business. In my opinion, corporate personhood needs to be done away with, and the laws need to go back as they were before the corporate lawyers raped the 14th Amendment.
There's no question that a fair amount of corporate taxes are passed through to consumers, but not all of them. Shareholders absorb some of the hit in lower dividends and/or share prices, and employees absorb some of it the form of lower wages and reduced benefits.