Exxon Mobil is not a real person and therefore would never bear the incidence (burden) of any tax…
Paul Cwik
142

This kind of “The tax level doesn’t matter because it all squidges out everywhere as costs are passed on” thing is lovely theory and thought experiment in a Platonic sort of way, but the fact is that, first, corporations and their representatives struggle fiercely to reduce their taxes, so they must think it matters in some way, and second, studies make pretty clear that reducing corporate taxes tends to increase their profits and also inequality (and of course decrease government revenue, which is also a thing that matters because corporations don’t provide public goods).

Plus, are you REALLY arguing that the government should be paying taxes to corporations?

Like what you read? Give Rufus Polson a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.