Corporate Tax Hikes - A Tax on the IGNORANT!

President Antichrist announced this week more than a trillion dollars in new tax increases aimed at the wealthy and corporations. Here is a little tutorial on why corporations do NOT pay taxes and why corporate taxes are designed as a back door tax on everyone BUT corporations.

It's quite brilliant really. Government goes after big corporate business like, say, ABC Steel. ABC Steel (a company name we made up for the purposes of this article) makes a billion dollars per year in revenue. They sell varying grades of steel to other companies like the auto makers, soda pop can makers, etc.

The benevolent, all caring government orchestrates a press conference where they announce that ABC Steel makes a billion dollars per year with corporate jets while you and your family struggle with mortgage payments, car payments, etc. It's just not fair. Therefore we, your benevolent government, are going to tax the corporations so that we can afford to pay you welfare and extend your unemployment benefits so that you can continue to produce nothing for your country as long as you get your lazy carcasses out and vote for us every season.

Here's the problem: corporations do not pay taxes. By taxing them, the benevolent government has made that business a proxy tax collector on their behalf. You see, folks, all corporations must either make a profit or close their doors. That's how business, especially publicly traded business, works. So whenever a cost of business goes up, the cost is passed on to the consumer of their product. Eventually the entire cost is passed on and divided up amongst all of the individual end-users of their products... like cars for example.

So here's the line of distribution - ABC Steel has a new corporate tax levied against it; let's call it 5%. ABC Steel sends out an email to all of it's customers which states "effective immediately there will be a 5% increase in the cost of our products". All of their customers pass on a similar email to THEIR customers - a 5% cost of business increase across the board until you and the little woman go down to the car dealership to purchase a new family vehicle and that 5% increase is hidden on the sticker.

VOILA!... the government has just taxed the entire population and the corporation carries on with business as usual, creating wealth and jobs and innovation. This is how the government appears benevolent and all caring but has essentially caused the cost of living to rise 5% and has further enslaved the entire population by creating a greater per capita debt load. How nice.