It Trumps Tax Cuts are to allow American Business to compete, then shouldn’t they lower their prices?
Exuberance over President Donald Trump’s corporate tax cuts, it part of the reason the Market is ahead of itself and due for a pullback. The corporate tax is also a “teachable moment”. A teachable moment that could undo 60 years of lies and trickery in the quest for power.
Americans have heard countless Democrats run on fighting those greedy corporations and tax them into submission. Crowds of people cheer wildly and willingly vote them in decade after decade. “It is fitting and proper to make to greedy corporations pay and pay and pay.” they chant. The problem is, businesses both large and small, 100 thousand employees or just a company of one working out of his home don’t pay taxes at all. They collect them from the very same people that are cheering wildly for a politician screaming about taxing the evil corporations. The cheering crowd is demanding that their taxes be raised.
These politicians and their posse’s know full well how uninformed and dumbed-down their followers are. They will and capitalize on their ignorance at every turn. They know full well that Companies don’t PAY taxes, and they are certain that those in the cheering crowds have no idea that the companies simply collect these taxes and send them to the Government. If high taxes are the reason we can’t compete in world trade that Trumps Tax cut will do nothing unless the prices of the goods and services are lowered.
What? You have to pay less tax and you are going to lower the price of the product that I purchase? How can that be? That is impossible! Then explain in simple sentences: Yes, the taxes are part or the cost of the product, and we have been collecting those taxes from YOU every time you purchase my product. Perhaps then we can undo the trick that made so many of the American People so blind to facts, and downright stupid when it comes to voting.