Originally Posted by Dentpusher
That's what happens with a Liberal ideology. You are rich cause you can play paintball so we can slap a VAT on you. At 20% on this marker, that adds $140 right there to the cost to end users. END USERS ALWAYS PAY THE TAXES!!! or the company goes out of business! That is the fallacy of the "tax the corporations" they pay no taxes, it ALL gets passed to the end consumer!!! Sorry UK the US is about to make the SAME mistakes.............
That is one side of the coin- the other is that Executive pay has increased from 50 times the average worker to almost 500 times the average worker. Some would argue that there are many companies that are nowhere near "going out of business" rather making great profits - this is why many say that taxes should be paid after a benchmark of profits. As in - no increase until after they make a Million Dollars in profits, perhaps it should be a Billion Dollars. Most agree that companies that make over a Billion a year should not be getting government subsidies - which is what the Oil companies get. Maybe that is why the Brits need a Vat, maybe they too give too much to those that already have much. Again two sides to most coins.