Thread: Global Cooling
View Single Post
Old 05-11-2008, 04:34 PM   #114 (permalink)
host
Banned
 
Quote:
Originally Posted by flstf
I agree that polution control is a good goal to have. I just wish that more people realized that corporate taxes and regulation costs are paid by them and the less you make the higher the percentage of your income you pay. I think many people think that it's OK to add taxes and costs to the big corporations because thay believe they are sticking it to the rich guys when they are the ones shouldering these costs.

I wonder how far this bill or any corporate tax would go if the authors said "It's only going to cost a family of four making $25000 a year an additional $1000 or so a year?"
flstf, unless big business successfully manipulates it's primary markets to support prices via non-compete and scarcity of product tactics, it is not a given that costs of doing business, such as regulatory compliance costs and taxes paid, can be passed along for customers to pay in the form of higher prices than would otherwise be charged.

Walmart has an influence on the market for consumer goods that chokes off the pricing power of nearly all of it's competitiors. Kroger/Ralph's, Safeway, Target, and Kohl's stores cannot pass along increased costs by raising prices unless Walmart decides to raise prices. Walmart engages in predatory pricing to negatively impact the profits of it's competitors by squeezing it's suppliers and by selling popular items at or below cost, as "loss leaders". Kroger is doing the same thing in this geographical area to gasoline/convenience store outlets by selling gasoline in it's store parking lot stations at or below cost. It brings customers to Kroger to buy fuel and to form a habit of not shopping at the gasoline/convenience outlets....putting some of them out of business and forcing the rest to charge more for gasoline to attempt to make up for profits lost in both gasoline and convenience items sales.

Walmart's suppliers must eat increased regulatory costs and cost of taxes paid, and so must all of Walmart's competitors.

Integerated oil companies' retail outlets cannot raise gasoline prices at the pump if gas pumps in Walmart and Kroger parking lots are selling fuel at or below cost.

Foreign competition is also a huge drag on profits, especially since almost all foreign competitors either pay third world level wages and benefits, or in the instances of Canada and western Europe, US businesses face competition not burdened by the seperate expense of paying for employee health plans.

The greater public pays much more from the impact of corporate lobbying, (literally being permitted to write the legislation affecting their industries) partisan anit-consumer political activities (K Street project), appointments of industry executives to manage federal and state regulatory agencies intended to protect the public interest, than it ever will pay from attempts to pass along tax and regulatory compliance expenses.

The public does not bear the costs of earnings shrinking to zero or less, as in the cases of Ford, GM, and KB Homes. The stockholders should, and do. All any of it about is shuffling the deck that is the pie containing all assets in the US. The share owned by the bottom 90 percent shrank more during the years of "smaller government", "tax cutting" republicans controlling part of congress and all of the executive branch.... 20 out of the last 28 years....than at any other period since the 1929 era.

All during the periods of republican controll since 1981, corporate tax rates and regulatory enforcement and oversight have been cut, yet the bottom 90 percent own a smaller piece of the pie than when the cutting began. It is a much more complex dynamic than direct costs of taxes and regulation being passed to the consumer. Along the way, 5 members of the Walton family, Bull Gates, and Warren Buffett became five of the 15th wealthiest people in the country, concentrating wealth transfered from most of us, to those few.

Taxes on individuals and corporations and regulations and sound oversight are the only public powers demonstrated in the past 95 years, to slow or even reverse wealth inequity.

Last edited by host; 05-11-2008 at 04:37 PM..
host is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360