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The Water Cooler
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<blockquote data-quote="soonerwings" data-source="post: 1618657" data-attributes="member: 8035"><p>Disagree on both counts. I believe that unions drive up prices on goods by increasing labor costs. I also believe that fuel costs rising as a result of excessive speculation (yes...I think a LACK of regulation is actually hurting us all in this instance) also drives up prices by driving up costs. I believe that simple supply and demand can drive up prices independent of the government. As far as businesses not paying taxes, here's how I view it. You may be correct in that large corporations don't pay taxes, HOWEVER most businesses in the U.S. are small sole proprietorships and LLCs. Under the sole proprietorships and LLCs, the companies are treated as "pass through" entities with regards to profit. More simply put, the profit income of the business and the income of the owner are one and the same. When Joe the Plumber (remember that guy?) pays income tax, his business is paying taxes.</p></blockquote><p></p>
[QUOTE="soonerwings, post: 1618657, member: 8035"] Disagree on both counts. I believe that unions drive up prices on goods by increasing labor costs. I also believe that fuel costs rising as a result of excessive speculation (yes...I think a LACK of regulation is actually hurting us all in this instance) also drives up prices by driving up costs. I believe that simple supply and demand can drive up prices independent of the government. As far as businesses not paying taxes, here's how I view it. You may be correct in that large corporations don't pay taxes, HOWEVER most businesses in the U.S. are small sole proprietorships and LLCs. Under the sole proprietorships and LLCs, the companies are treated as "pass through" entities with regards to profit. More simply put, the profit income of the business and the income of the owner are one and the same. When Joe the Plumber (remember that guy?) pays income tax, his business is paying taxes. [/QUOTE]
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