Higher taxes for the rich/ big business sounds really good. But in the US economy this has the opposite result. Because these businesses arent going to let higher taxes cut into their bottom line, so they raise the prices of their goods and services to make up for the difference which affects the average consumer. Maybe I'm wrong? Please discuss this.
Higher taxes for the rich/ big business sounds really good. But in the US economy this has the opposite result. Because these businesses arent going to let higher taxes cut into their bottom line, so they raise the prices of their goods and services to make up for the difference which affects the average consumer.
Maybe I'm wrong?
Please discuss this.