▲ 1946 ▼ Sweet tea (lemmy.world) submitted 3 years ago by ickplant@lemmy.world to c/lemmyshitpost@lemmy.world 253 comments fedilink hide all child comments
[–] irmoz@reddthat.com 1 point 3 years ago (1 child) It sure makes a difference to the people buying it, that's the point permalink fedilink source parent hideshow 2 child comments replies: [–] enragedchowder@lemmy.ca 1 point 3 years ago (1 child) It literally doesn’t. The price is the same either way. Reduced demand from the higher tax makes it so producers will lower prices. This is really basic microeconomics. From Wikipedia: “tax burden does not depend on where the revenue is collected, but on the price elasticity of demand and price elasticity of supply” https://en.m.wikipedia.org/wiki/Tax_incidence permalink fedilink source parent hideshow 2 child comments replies: [–] irmoz@reddthat.com 1 point 3 years ago (1 child) Reduced demand from the higher tax makes it so producers will lower prices. I have never once seen this happen... i just see prices rise permalink fedilink source parent hideshow 2 child comments replies: [–] enragedchowder@lemmy.ca 1 point 3 years ago Do you actually think that 100% a tax burden will always fall on consumers? permalink fedilink source parent
[–] enragedchowder@lemmy.ca 1 point 3 years ago (1 child) It literally doesn’t. The price is the same either way. Reduced demand from the higher tax makes it so producers will lower prices. This is really basic microeconomics. From Wikipedia: “tax burden does not depend on where the revenue is collected, but on the price elasticity of demand and price elasticity of supply” https://en.m.wikipedia.org/wiki/Tax_incidence permalink fedilink source parent hideshow 2 child comments replies: [–] irmoz@reddthat.com 1 point 3 years ago (1 child) Reduced demand from the higher tax makes it so producers will lower prices. I have never once seen this happen... i just see prices rise permalink fedilink source parent hideshow 2 child comments replies: [–] enragedchowder@lemmy.ca 1 point 3 years ago Do you actually think that 100% a tax burden will always fall on consumers? permalink fedilink source parent
[–] irmoz@reddthat.com 1 point 3 years ago (1 child) Reduced demand from the higher tax makes it so producers will lower prices. I have never once seen this happen... i just see prices rise permalink fedilink source parent hideshow 2 child comments replies: [–] enragedchowder@lemmy.ca 1 point 3 years ago Do you actually think that 100% a tax burden will always fall on consumers? permalink fedilink source parent
[–] enragedchowder@lemmy.ca 1 point 3 years ago Do you actually think that 100% a tax burden will always fall on consumers? permalink fedilink source parent
