"1) Prices cannot be raised arbitrarily since (I pointed all of this out twice before) prices have to be balanced against demand, spending power and (foreign) competition. You are also wrong on the minimum wage thing: since labor costs are never 100% of the total cost an x% increase in wages can only justify an increase in prices of less than x%, so the workers still benefit from higher wages. Also, even if there were an x% price increase one can extend your reasoning and get a vicious circle where corporations keep raising prices and workers keep demanding higher wages. This would help no one so it doesn't happen: believe it or not but employers and unions actually negotiate to reach an equilibrium where both parties benefit.
2) The vast numerical majority of businesses yes, but they do not necessarily represent the vast majority of profit. In fact they don't: corporate loopholes basically took at least $100 billion, leaving only $200 billion (a 1/3 reduction), so their impact is far from negligible.
3) Maybe some do, but they are not the problem, they are overshadowed by larger corporations, see 2).
4) see 2).
5) When was this (before the Bush tax cuts?), does the 35% include state and/or payroll taxes? Not saying I don't believe, in fact I hope it's true.
6) I am not an American and do not currently live in America, nor do I have any desire to own a business or cheat my way out of paying taxes. "
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1) ..sure they can ..they can be raised all the time..for example ..as soon as Obama took office, a carton of cigs went up $10-15$ an alomst 33% price hike in some cases ..milke went up about $1 a gallon ..and I prolly dont have to mention what happened to gas prices 😉 ..in fact one the FEW cases where prices cannot be raised at the companies discretion ..is Insurance Premiums ..the company has to file for a rate increase with the State..this must then be approved by bothe the State Insurance commissioner and State Legislature ..and more often then not its big 'No' to the insuracne companies ..to the point some states ..have have messed everything that NO company will write business that state ..take for Example NJ, who passed a law saying that was discrimination to charge different people different rates based on their driving record and that they must charge EVERYONE the sme flat rate ..this worked worked so well , that within 5 years EVERY single inurance left the state of NJ, and eventually that law had to be repealed because the State was left to then pick up the tab.. Shall we go into Food Prices ..Oil prices ..Prices of say Computer parts ? $500 for a graphics card ? wait they are up to $750 now ..yes price can easily go up
2) again you're wrong ..$100 Billion , even $200 Billion out of what a $10 Trillion dollar economy ? ..what are you basing the 'vast majority of profit' on ? thanks to 'createive accounting' ..aparantly debt can be considered profit ..just look at Obama's Budget ..according to him ..the Gov't 'netting' more money as the debt goes up ?
3) 'Overshadowed by Large Corporations' ..you mean like Rubbermaid , a fortune 500 company ..or say Lehman Brothers , or Enron , or any number of Big Bad Evil Corporations that have gone belly up..while thousands of smaller 'mom and pop' businesses are still going ..
4) as usual you have no answer
5)this was AFTER the Bush tax cuts (which by the way affected EVERYONE in ALL tax brackets , not just the so-called 'rich' ) before the Bush cuts ..they paid sometimes as much as 49% in straight federal income tax ..I live in FL , FL has no state income (it is big factor as to WHY we live here , and risk alligators and hurricanes) ..if this same business were in GA , there would be an additional 6% State income tax ..
6) of course you dont ..you only want sit back name call , and find someway to justify your theft of other peoples money ..and Dont get all high and moral ..and act like your doing this 'for the people' ..the ENTIRE argument is about finding a way to get you your hands on someone else money that you did not work for ...isnt that what it's really about ..
7) I am curious how you feel about for profit Union Companies ..many Unions actually make a good bit money collecting dues from people and forcing those members to use 'Union Companies' much the old 'company store' trick ..take SEIU , for example
again OldManG ..is EXACTLY Right ..in fact companies have already started removing the Group Health benifits that it provided to workers ..my retired folks got their notice a few months ago (after 40 years my father retired with full coverage for him and spouse, that coverage is being phased out and replaced with a monthly stipend for them to purchase thier own coverage ..ever tried to shop for Health Insurance at age 69 after you have had major heart surgery ? all thanks to ObamaCare ..and the same company now that used to provide group health coverage for employees and spouses when they hired new ..have changed that policy, and now new hires ..get NOTHING in Group Coverage thanks to Obamacare and even the latest 'studies and stats' have shown that the number Americans withOUT Helath Insurance , has actually steadily gone up since ObamaCare took place.. now if you think that young healthy people are going to go buy Health Insurance ..instead of buying saying that new $750 graphics cards or that Cool Car or that Cool Stereo , or that Cool new Smart Phone Tablet/PC whatever ..then I would like to sell you some 'waterfront' property in FL, or perhaps you would intersted a piece of the Brooklyn Bridge 😉 ... oh btw ..the Obama Luving LameStream media are not gonna tell you about the stats showing how fewer people have coverage now..you will have to dig to find that info.
LOL , of course Gulli has no desire to start his company and lead by example and show the rest of us how it's done ..
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