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Browse: Home / MONEY / Taxes

Is taxation the way to defeat capitalism and free enterprise ?

Sarika: Is taxation the way to defeat capitalism and free enterprise ?
Lenin wrote that “Taxation with its offspring inflation, is the vital weapon to displace the system of free enterprise.”

Answers and Views:

Answer by buffalo
I would agree with Lenin.You can’t keep raising without raising prices which causes inflation.Corporations have not,do not and will not pay corporate income tax.The government raises their taxes and they raise their prices.If a company pays $ 1 in taxes on a product,that $ 1 is already included in the price.You raise the tax to $ 2 and the company raises it’s price another dollar to cover.It’s the consumer who eventually pays the tax.

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