Dick7Access
Dick S
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- Jun 9, 2009
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Socialist mayoral candidate Zohran Mamdani wants to raise corporate taxes to pay for billions of dollars of freebies for New Yorkers, he told The Post in an exclusive sit-down.
I am not very bright. So I have to break things down in small numbers.
We start with 10 people who work and make $10.00 a year. However they only have the buying power of $9.00 a year because the things they buy have a corporate tax to give to three people $1.00 a year, that don’t work. They now have $1.00 buying power.
Now along comes a liberal who thinks he can get elected by taxing corps $2.00.
Now corps. Adds. Cost of production, adds profit, then adds the new tax
Now Workers has lest buying power so 1 worker gives up and joins the three
Non workers.
In the end workers have $8.50 buying power, non-workers have $.90 buying power.
No matter how I change the numbers I get the same results. Am I missing something.
I am not very bright. So I have to break things down in small numbers.
We start with 10 people who work and make $10.00 a year. However they only have the buying power of $9.00 a year because the things they buy have a corporate tax to give to three people $1.00 a year, that don’t work. They now have $1.00 buying power.
Now along comes a liberal who thinks he can get elected by taxing corps $2.00.
Now corps. Adds. Cost of production, adds profit, then adds the new tax
Now Workers has lest buying power so 1 worker gives up and joins the three
Non workers.
In the end workers have $8.50 buying power, non-workers have $.90 buying power.
No matter how I change the numbers I get the same results. Am I missing something.