All that has happened is that prices WILL be going up. If people think that APPLE(used as an example) is going to take a 15% tax increase and just live with it then think again! How about a 15% increase in their pricing for that shiny new iPhone is more like it. Or like whats happening in the grocery stores it's the same price but less product. Companies work for a profit and they'll always make money. Just the way it is, folks.
Anytime that governments get together and conspire to create MORE rules, or to raise your taxes, this is always a cause for healthy concern.
And that's also fine. The market will support what the market will support.
It will support less. It will support fewer jobs. It will support lower innovation. This is what always happens when your taxes go up.
You should ask congres and the GOP who are blocking this.
Or maybe voting against high taxes is defending freedom and liberty.
I agree with corporations paying their fair share but even 15% on profit is still a cut to the bottom line. Shareholders and their respective board's will figure a way to make up for that loss.
And this is the rub. Although some taxes are necessary in order to pay for the cost of governance, taxes are way too often used as a blunt instrument to expand governmental power, and NOT to promote or preserve individual liberties, or even fairness.
And here’s a little surprise for some of you: Corporations don’t pay taxes. Oh sure, they pay a tax bill. But YOU THE CONSUMER pay all taxes in the cost of the products and services you buy. You THINK you’re “getting back at” the evil huge corporation with this inter-country conspiracy to raise everybody’s taxes. Many of you are showing some off-the-chart smugness at this news article, but I think it’s just jealousy and envy. Yes, the very thing you accuse corporations of…you are yourself guilty of, because it is a base human emotion and you’re no better than anybody else, regardless of your own high and mighty opinions of yourselves.
And here’s ANOTHER surprise: Whether it’s a company or individual’s taxes at issue, raising somebody ELSE’s taxes never makes things better for you personally. Quite to the contrary, it could make your personal situation worse in the long run, because by not fighting this, all you’ll do is make the governmental beast bigger, stronger, and hungrier for more. It’s a beast that turns tax collections into graft, corruption, and hypocrisy. Yes, even in YOUR country.
You’re no better than me, and your country is no more altruistic than mine. So feed that beast if you must, but don’t be surprised when one day, that beast’s hunger will be so insatiable and there will be so few food sources left, that the beast will see you. “Oh not me,” you’ll say. “I’m good! I’m not like all those other people at those companies. They’re eeeevil and I’m not!”
But you’ll be the next course on his menu, because he has already devastated all of the corporate herds within his reach. And after all, a meal is a meal, and by now you’re looking nicely plump. Will you be devoured by the very same beast that you fed, nurtured, and wanted to make stronger all because “big corporations all bad”?
Seriously! How many of the G7 countries are guilty of significant corruption, injustice, financial malfeasance, downright incompetence, and human rights violations? I suggest to you that the answer is something pretty close to “all of them”. And now you’re TRUSTING them even to the point that you’re CHEERING at their collaboration to raise somebody’s taxes? For me, this sets off an alarm. It’s sad that so many others are so trusting in governmental bodies that can’t demonstrate even a minimal level of trustworthiness even in the last few years.
I implore you, please set your envy aside. It doesn’t help anybody and it won’t make the world a better place.
In order for our lives to be better, all those millions of trillions they have should be invested and I don't see them volunteerly give up what they have just to make us feel better. Even on the opposite, they're actually thinking how to make sure they'll secure what they have in future, by just making our lives even more harder and challenging. After they're eating out all of our prospects for better live and guess what, by the so called democratic vote, we all agreed to this. Until one beautiful day when humanity really grow up and see things for what they truly are.
