|
|
|
|
|
by comte7092
1296 days ago
|
|
This line is brought out in every tax discussion. Fundamentally, mainstream economics does not agree with your point of view. The bedrock of modern economic theory is clear on this: all prices are set by supply and demand. Consumers pay the full tax burden only in the instance wherein demand is perfectly inelastic. Realistically, the more suppliers try to raise prices, the more consumers will shift to substitutes or demand less. Ergo these taxes tend to fall on both consumers and suppliers, with the balance depending on the type of good and the market surrounding it. |
|