Posted by
ConservaBliss on Sunday, October 19, 2008 10:01:35 PM
Barackonomics will tax the hell out of the successful and stick a knife in the back of lower and middle class citizens. This is a concept that noone is talking about in the mainstream media, talk shows or news outlets. The whole emphasis is on the rich and how they deserve to "spread their wealth around". After all, to 95% of Americans, this system sounds wonderful......but wait......is it?
Lets keep it simple and get to the point.
Take any small, medium or large business you want....let's say the home of the Big Mac...McDonalds. As you should know, tax liability is one of many costs of doing business along with payroll, rent, fuel, etc....and every company has a profit margin or percent that it must sell its product for in order to make money. If any of these costs goes up, one of two things must happen.
1. McDonalds can cut other costs, i.e. lay off workers, to make the same profit margin ......or
2. McDonalds can raise their prices to make the same profit margin.
One thing is for sure, they are not going to send more money to the government and not make up for it somewhere else...period!
So you see, either option McDonalds chooses to take will hurt the lower and middle class the most. Think about this concept in everything you do daily....groceries...prices going up, fuel...up, new car...higher price, new home....same thing, utility bills....price up...
Get the picture. It's very basic but for some reason, kept very quiet. If you learn one lesson studying Barackonomics learn this...businesses and corporation DO NOT pay taxes....they pass that cost on to you....the consumer. So raising their taxes may sound good.....but you'll pay for it.
The next time you roll up to McDonalds and the $.99 menu is now the $1.50 menu, you can thank Barackonomics.