Europe's largest economy has flatlined recently, showing no signs of recovery from a winter recession. The International Monetary Fund has predicted Germany will be the only major advanced economy to shrink in 2023.
Why always fucking corporate tax cuts? How about people tax cuts? You know, when people have more money, they spend more. Thus giving more money to the corporates as well.
I mean, I’m already taxed 15% on income tax, another 11% on social and health security, then whenever I buy anything, 21% of the price is tax (so if I spend all my income every month, it was basically another 21% of income tax). Petrol has another tax extra (don’t know how much). When I bought a piece of land I paid another 4% as a tax (and I still had to pay for all administrative tasks like changing the owner in the registry). And I pay tax for owning the land every year. I’m pretty sure I forgot some tax.
I think I’m well over 40%. Not quite happy about it, though.
Nope. Company by law exists to make a profit. So if people are used to a price, they won’t be making it cheaper just because they now can make it cheaper.
Well shit I am wrong and obviously so. I regret the tone of my previous comment as you are the first person to prove there was one in 15 years if me asking fir evidence of it.
do you have a source for this? because obviously it‘s utter bullshit, just looking at the recent tax cuts for german gas stations which were decidedly NOT „passed onto the consumer“
It’s general economics knowledge. The word should is doing some heavy lifting as it isn’t always. If everyone decides to pocket the extra profit there would be no reason for a business not to do the same unless they believe they will make enough extra profit by dropping the price.
Why always fucking corporate tax cuts? How about people tax cuts? You know, when people have more money, they spend more. Thus giving more money to the corporates as well.
:Looks at massive increase in consumer spending due to Covid Stimulus and College loan payment moratorium.:
Lets do that trickle down shit again, it’s gotta work this time.
You’ll be taxed 40% and you’ll be happy about it.
I mean, I’m already taxed 15% on income tax, another 11% on social and health security, then whenever I buy anything, 21% of the price is tax (so if I spend all my income every month, it was basically another 21% of income tax). Petrol has another tax extra (don’t know how much). When I bought a piece of land I paid another 4% as a tax (and I still had to pay for all administrative tasks like changing the owner in the registry). And I pay tax for owning the land every year. I’m pretty sure I forgot some tax.
I think I’m well over 40%. Not quite happy about it, though.
Why would the corporations bribe the legislature to pass a law that benefits people, or helps the economy? They just want to hoard their wealth. Okay?
When people have more money and spend more money we have inflation. Didn’t you have enough inflation already?
Corporate taxes are almost always passed onto the consumer so things like this should make domestic goods cheaper thus helping people.
Nope. Company by law exists to make a profit. So if people are used to a price, they won’t be making it cheaper just because they now can make it cheaper.
That law doesn’t exist. Seriously it does not exist.
That’s a bold claim if you don’t know where I live.
Produce the law then.
Here is a case from America: https://www.litigationandtrial.com/2010/09/articles/series/special-comment/ebay-v-newmark-al-franken-was-right-corporations-are-legally-required-to-maximize-profits/
Well shit I am wrong and obviously so. I regret the tone of my previous comment as you are the first person to prove there was one in 15 years if me asking fir evidence of it.
do you have a source for this? because obviously it‘s utter bullshit, just looking at the recent tax cuts for german gas stations which were decidedly NOT „passed onto the consumer“
It’s general economics knowledge. The word should is doing some heavy lifting as it isn’t always. If everyone decides to pocket the extra profit there would be no reason for a business not to do the same unless they believe they will make enough extra profit by dropping the price.