Rep vs. Dem Differences

Their customers have to pay for it. No business really pays a tax,
ultimately
all taxes (including FICA and Personal income) wind up buried in the cost
of
goods and services.

It is fascinating to me how few people truly understand this basic law of
economics.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

You are so right! No pilots are brain dead enough to be true Democrats!
G
(ducking while running)

Nah, it just means we're older and wiser.

What was that saying Churchill coined? "If you're not a liberal at age 20,
you have no heart. If you're not a Conservative at age 40, you have no
brain..."
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Jay Honeck" wrote in message
news:ANB_c.122971$Fg5.92285@attbi_s53...
Their customers have to pay for it. No business really pays a tax,
ultimately
all taxes (including FICA and Personal income) wind up buried in the cost
of
goods and services.

It is fascinating to me how few people truly understand this basic law of
economics.

But it is not the only "law" of economics. Think it through further.
Unless the business is a monopoly AND they provide a product or service for
which there is no alternative, the demand for their product or service
depends very much on their price (the elasticity is less if those conditions
are met). This means several things. They still have to make the
determination of how much profit to build in to their price, as the more
profit, the higher their price, and the less they will sell. They will want
to maximize profit which is not necessarily maximum production. Going
further, and especially in this context, if one particular production method
is taxed there may be alternative production methods which are less taxed
and may represent a greater profit opportunity.

The result is that taxes most definitely DO affect businesses, and since
they cannot pass along all additional expenses to their customers, part of
the tax decreases their profit and so effectively the business owners DO pay
taxes (separate from their personal income taxes, that is).

"Robert M. Gary" wrote in message
om...
My understanding is that the democratic party was not liberal enough
for the Canadians. They now have a liberal party in addition to the
democrat party.


The "Liberals" in Canada are actually the middle-of-the-road party. It is
the "Democrats" (actually "New Democratic" Party) which is the most
"left-leaning".


Canadian politics morphs over time.

The "basic" Candian sentiment is:

a "Conservative" party that is similar to USA Republicans with a
"conservative" fiscal and military platform, and perhaps a
only-slightly-less conservative social policy. A "Conservative" government
was responsible for the USA-Canada NAFTA agreement, but was decimated
electorally in 1993.

a "Liberal" party which is middle of the road, shading towards a
"conservative" fiscal policy, moderate military policy, fairly liberal
social policy. Many complain that this Liberal party is just as
"conservative" as the "Conservatives". THIS is the "natural" governing
party and has governed Canada for the majority of years, including
1993-present.

a "Democratic" party, which is actually the most left-leaning party in all
aspects. They have routinely been the party with the fewest seats
federally, although they have frequently formed governments in one or more
Provinces. This party morphed from labor activism in the dirty thirties.
Their previous incarnation managed to gain power in a single province in
1944 and were the first to institute universal medicare, starting with
hospital care in 1947 and medical (Doctor) services in 1962. Eventually,
this was accepted as a "good" thing, and universal medicare was accepted
nationally in 1966 and supported by all parties to some degree.

In recent years, regional squabbles have intensifed. The "Conservatives"
were not "conservative" enough (especially socially) for the rich
oil-producing provinces, and a more-right-leaning party was created, more
like a true Republican party. (Quebec had their own agenda and created a
"Quebec only" conservative-leaning party. Etc..) At one point the original
Conservatives were decimated and the new version ended up with a significant
portion of the vote. But vote-splitting between the two right-wing parties
ensured that the centre-of-the-road "Liberals" would remain as the governing
party forever.

So the Conservatives (except for the Quebec version) have re-joined into a
single party once more. Their platform is still nebulous since this newest
version has never actually governed; we have yet to see what their actual
policies might be.

In the most recent election (this summer), therefore, renewed interest in
the combined "Conservatives"... and vote-splitting between the
centre-of-road "Liberals", and the left-leaning "Democrats".... has left no
party with a majority of seats in Parliament. The "Liberals" retain the
most seats, the "Conservatives" next, then the Quebec-conservatives, and the
"Democrats" the fewest. The first sessions since the election are yet to
convene; it is believed some sort of coalition between the "Liberals" and
"Democrats" will be able to govern.

Such "minority" governments are not new in Canada, and in fact, have
produced some "ground-breaking" legislation because of the compromises
required to maintain a voting majority. Universal Medicare, to a certain
extent, was implemented federally because of a minority government.



--
*** A great civilization is not conquered from without until it
has destroyed itself from within. ***
- Ariel Durant 1898-1981

The result is that taxes most definitely DO affect businesses, and since
they cannot pass along all additional expenses to their customers, part of
the tax decreases their profit and so effectively the business owners DO
pay
taxes (separate from their personal income taxes, that is).

To a degree -- but long before personal "profits" get cut the business
"extras" will go out the window. Things like new equipment, landscaping,
added staff -- ALL of that stuff will be eliminated long before a business
owner's personal income is diminished.

And THAT is how taxes hurt the economy.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Jay Honeck wrote:

What was that saying Churchill coined? "If you're not a liberal at age 20,
you have no heart. If you're not a Conservative at age 40, you have no
brain..."

Lord Chesterfield said "He who is not a revolutionary at 16 has no heart. He who is a
revolutionary at 60 has no head." If Churchill said what you posted, that's where he
got it.

George Patterson
If you want to know God's opinion of money, just look at the people
he gives it to.

In article , "Peter Gottlieb"
writes:


The result is that taxes most definitely DO affect businesses, and since
they cannot pass along all additional expenses to their customers, part of
the tax decreases their profit and so effectively the business owners DO pay
taxes (separate from their personal income taxes, that is).


A tax placed on bakers with names starting with the letters A to M could not be
passed on to the customers because of competition from bakers with
alphabetically later names, but a tax placed on ALL bakers simply raises the
cost of bread, since there are no alternate sources for the product unaffected
by that cost.

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

In article ANB_c.122971$Fg5.92285@attbi_s53, "Jay Honeck"
writes:


Their customers have to pay for it. No business really pays a tax,
ultimately
all taxes (including FICA and Personal income) wind up buried in the cost
of
goods and services.

It is fascinating to me how few people truly understand this basic law of
economics.

That principle is the basis for my involvement with the FairTax movement.
(www.fairtax.org)

Did you notice the reference Bush made Thursday to "tax reform?" That's us,
Delay, Hastert and Cheney are on board with the FairTax as well as many others.
It will not be an isue in this election, but during the second term we will
have a real chance to make our case for it and maybe een get it done.

Don

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"Wdtabor" wrote in message
...
In article , "Peter
Gottlieb"
writes:


The result is that taxes most definitely DO affect businesses, and since
they cannot pass along all additional expenses to their customers, part of
the tax decreases their profit and so effectively the business owners DO
pay
taxes (separate from their personal income taxes, that is).


A tax placed on bakers with names starting with the letters A to M could
not be
passed on to the customers because of competition from bakers with
alphabetically later names, but a tax placed on ALL bakers simply raises
the
cost of bread, since there are no alternate sources for the product
unaffected
by that cost.


But it does not necessarily raise the price of bread by the full amount of
the tax. The increased price will reduce demand and to optimize profit the
bakers will absorb some of the increase. But why discuss microeconomics
when there are macroeconomic issues...

The general observation that consumers pay all the taxes paid by their
suppliers is of course completely correct. It is somewhat amazing to
consider the true amount of tax that we all pay when everything is accounted
for.

But tax "reform" can only do so much. You can shift the burden around, and
here you hear the various usual Republican and Democrat arguments for whom
should be paying how much, or you can work at reducing the need for the high
burden, which is more along the lines of what I would prefer. However,
there are a lot of very entrenched self and special interests who do not
want change of the latter type and I doubt that any of the present players
have the true desire or if so, the ability, to cause any significant change.

"Wdtabor" wrote in message
...
In article ANB_c.122971$Fg5.92285@attbi_s53, "Jay Honeck"
writes:


Their customers have to pay for it. No business really pays a tax,
ultimately
all taxes (including FICA and Personal income) wind up buried in the
cost
of
goods and services.

It is fascinating to me how few people truly understand this basic law of
economics.

That principle is the basis for my involvement with the FairTax movement.
(www.fairtax.org)

Did you notice the reference Bush made Thursday to "tax reform?" That's
us,
Delay, Hastert and Cheney are on board with the FairTax as well as many
others.
It will not be an isue in this election, but during the second term we
will
have a real chance to make our case for it and maybe een get it done.


I love campaigns like this. It usually means stop taxing me an go tax
someone else.