"The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us. Business doesn't pay taxes, and who better than business to make this message known? Only people pay taxes, and people pay as consumers every tax that is assessed against a business. Begin with the food and fiber raised in the farm, to the ore drilled in a mine, to the oil and gas from out of the ground, whatever it may be -- through the processing, through the manufacturing, on out to the retailer's license. If the tax cannot be included in the price of the product, no one along that line can stay in business."
– Ronald Reagan, Speech at Hillsdale College, November 10, 1977
Tuesday, February 19, 2013
Who pays taxes? We do.
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1 comment:
Murray sez:
Ol' Ronnie had it nailed. It's so simple. But there are so many people that don't get it. Besides, if for no other reason, the masses should realize by now that ANY increase in taxes put in the hands of our legislators ALWAYS disappears down the rat hole. Therefore BEFORE any new taxes take place they need to reduce spending and show the can spend wisely. What are the chances of that happening?
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