Post by: jmax
Business tax is passed on to consumers in the form of higher prices, with lower unemployment companies will need to raise income though. We have already seen $300 billion repatriated to the US that was taxed at a lower rate but is going back into plants and equipment. I suggest that Adam Smith's Wealth of Nations and his companion piece The Theory of Moral Sentiment plus FA Hayeks The road to Serfdom for heavy reading.
Business tax is passed on to consumers in the form of higher prices, with lower unemployment companies will need to raise income though. We have already seen $300 billion repatriated to the US that was taxed at a lower rate but is going back into plants and equipment. I suggest that Adam Smith's Wealth of Nations and his companion piece The Theory of Moral Sentiment plus FA Hayeks The road to Serfdom for heavy reading.