I saw a certain celebrity tweet about the need to raise corporate taxes the other day. It’s amazing how someone who thinks themselves so intelligent that they speak for everyone else is too stupid to understand the simple methods of business. I get it. It’s easy to think that these large corporations and businesses should pay more of the taxes in this country. People want some of their wealth, but there’s truly no real way to collect more in corporate taxes without hurting the very people you claim to help. It’s just a matter of math, or business, whichever you choose. It’s easy to see why an average American could consider raising corporate taxes as the right thing to do, and for a politician, well it’s easy to see that they just see more $$ signs and more money to spend. Realistically, this isn’t necessarily a political argument. There are people on both sides of the aisle who believe that corporate taxes or taxes to business in general should rise.
But simply put, these people who think this is a good idea are either extremely ignorant of the ways of business or they simply use it as a way to rile the masses against the very core of capitalism (much like leading sheep to the slaughter, if you will). Whether we’re talking about corporate business or a Mom and Pop, business is business. You have to stop looking at corporate tax as a way to get more money into the government’s coffers or to even the playing field between Middle Class America and the Rich, and start looking at it as it is — a business expense. Raising taxes on any business, corporate or main street, raises the cost of doing business. Costs of doing business impact profit. Profit is the only reason a business is IN business. If a business is not in business for profit, they aren’t a business; they are a non-profit organization.
Continue reading “They Think Yer Stupid – Maybe You Are”