Forum: >>> Magnum BBS <<<

New Press Sec doesn't understand basic economics

From TomS@21:1/5 to All on Tue May 17 08:32:53 2022

...and can't intelligently respond to a simple question about how raising taxes will lower prices for consumers:
https://www.washingtonexaminer.com/news/white-house/jean-pierre-pressed-on-biden-linking-inflation-and-taxes-in-inaugural-dust-up
Of course, it WON'T - raising taxes will also force prices up, not down. Consumers pay for taxes paid by companies. This is clearly spelled out in their balance sheets.

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