A current Andrew Gillum advertisement shows him stating that not one individual or small business person will pay one dollar of the billion bucks that he will tax large corporations to pump into education. Money on trees is a recurring fantasy.
For a corporation, taxation is a cost of doing business, just like salaries and benefits, suppliers’ prices, research funding and the interests of the shareholders in dividends, the balance of which, relating to revenue and profit, impact stock appreciation. That is reality.
Faced with an increase in taxes, the balance and even the survival of a corporation depends on finding a new and undisruptive balance. Corporations must redistribute those new irreducible tax costs.
Who does Mr. Gillum want to gore? If pay or benefits are cut, employees leave, productivity slumps and retraining costs follow. If suppliers are squeezed, the misery is simply redistributed to their management. If research is cut, competitors jump out ahead stealing revenue. If dividends are cut, shareholders suffer and while many sell their shares, the asset value of the remaining owners drops. For large corporations, that is in the millions of individuals.
Guest what Mr. Gillum, those are all people.
I have lived in two socialist countries, Mr. Gillum. When the government taxes, people pay. I can see you coming. You just want corporations to do your redistribution for you.
