They should also look into the $450 billion non profit church scams in the US and the world. The WJ had an article on drug trafficking, embezzlement and out and out fraud ! A nice tax haul there .
Thank You. I have a much better understanding now of a befuddling topic (befuddling mostly because, "Hey WHAT? They can get away with this?!"). Thrilled to know Janet Yellan may have the power and/or persuasion to stop this robbing of America, and of other countries around the world.
I have been a Capitalist my entire life, and self employed. Price competitiveness will stop the prices from rising . . . Mostly because the competitors do NOT operate in tax havens. Therefor the only thing that will change is stock valuations based on the multiplier effect. Competition will see to it that the consumer will NOT pay directly. Conjecture that prices will rise is Not born out by history. Vertical integration of industry segments over the last 30 years keeps prices stable or declining following inflation and industry efficiencies.
There are two different things: competition leads to lower prices; higher taxes lead to higher prices. There are no examples of a situation where increasing taxes would lead to lower prices. There are no miracles :-)
For 12 years I watched Loblaws and Sobeys duke it out behind the scenes where most people never get to look. Nothing will raise prices my friend . . . the suppliers will take the hit and productivity will rise in the supply chain . . . the more things change . . . the more they stay the same !!
Well said Diane, I had an entirely different opinion on this tax plan before I read this article. Looking forward to your piece in Post tomorrow. - Thanks!!
First look at this essay. If Bazzos thinks 21% is fair, ten full steam ahead. Wallmart damages the poor and small towns beyond belief, that should be the main target. The amount of small town businesses it has killed is criminal. Interesting to see how it's progressed since 2021.
Apple charges top dollar for their products. I like the packaging design the products arrive in to our studio. Your piece illuminates a disturbing flaw in the corporate character of Apple, Inc. Perhaps we should insist on a rebated refund equal to the percentage of tax revenues not paid by them, from Apple payable to Apple customers? We have purchased $K’s worth of product over the decades. Kinda similar to a class action law suite, no?
They should also look into the $450 billion non profit church scams in the US and the world. The WJ had an article on drug trafficking, embezzlement and out and out fraud ! A nice tax haul there .
Thank You. I have a much better understanding now of a befuddling topic (befuddling mostly because, "Hey WHAT? They can get away with this?!"). Thrilled to know Janet Yellan may have the power and/or persuasion to stop this robbing of America, and of other countries around the world.
This approach to 'Fair' taxation is long overdue . . .
Thanks Diane for your wise words . . . As always !!
Well said.
Price growth will compensate growth of the corporate taxes. That is, the treasury will receive more money at the expense of consumers.
I have been a Capitalist my entire life, and self employed. Price competitiveness will stop the prices from rising . . . Mostly because the competitors do NOT operate in tax havens. Therefor the only thing that will change is stock valuations based on the multiplier effect. Competition will see to it that the consumer will NOT pay directly. Conjecture that prices will rise is Not born out by history. Vertical integration of industry segments over the last 30 years keeps prices stable or declining following inflation and industry efficiencies.
There are two different things: competition leads to lower prices; higher taxes lead to higher prices. There are no examples of a situation where increasing taxes would lead to lower prices. There are no miracles :-)
For 12 years I watched Loblaws and Sobeys duke it out behind the scenes where most people never get to look. Nothing will raise prices my friend . . . the suppliers will take the hit and productivity will rise in the supply chain . . . the more things change . . . the more they stay the same !!
I'm sure Janet (and Elizabeth Warren) have a plan for that.
A plan to do the impossible will inevitably end in failure.
There's that.
Well said Diane, I had an entirely different opinion on this tax plan before I read this article. Looking forward to your piece in Post tomorrow. - Thanks!!
First look at this essay. If Bazzos thinks 21% is fair, ten full steam ahead. Wallmart damages the poor and small towns beyond belief, that should be the main target. The amount of small town businesses it has killed is criminal. Interesting to see how it's progressed since 2021.
Apple charges top dollar for their products. I like the packaging design the products arrive in to our studio. Your piece illuminates a disturbing flaw in the corporate character of Apple, Inc. Perhaps we should insist on a rebated refund equal to the percentage of tax revenues not paid by them, from Apple payable to Apple customers? We have purchased $K’s worth of product over the decades. Kinda similar to a class action law suite, no?
What a blast! Good to read you.