3 Jun 2025 4:16 pm
You missed the entire point of my post again and went on a rant about ObamaZeets2 » 03 Jun 2025, 12:39 pm » wrote: ↑ You have no idea whatsoever about the amount of new corporate tax that Chipotle is willing to absorb, so stop pretending you know what you're talking about! Nor do you understand how THOUSANDS of businesses were forced out of business under Obama when the idiot promised to force business owners to pay for their workers health insurance or be fined, which is the same as a new tax he imposed. Just take a look at how many businesses closed and the millions of jobs that were lost between the day that **** moron was elected and the first 6 months of his 2009 presidency. Business owners like myself stopped hiring to keep our employment from rising above the qualifying threshold requirement, but I also cut out our employee health insurance plan because Obama's mandate took away the deductibility of that plan for my company, simply because it didn't contain free abortions, which were unnecessary for me with my all-male workforce.
Are you also unaware of how many fast food restaurants in California either went out of business or left their state when they increased the minimum wage to $20 an hour? That mandate was no different than piling a new tax onto the entire industry, forcing them to raise their prices. And you're right, when customers were unwilling to pay $16 for a burrito or $12 for a Big Mac, many of them WERE put out of business, and most of those that remained laid off workers and installed ordering kiosks in their place to save on their labor costs.
My arg is this:
1. Inflation is a tax (Presumably you agree)
2. Based on inflation of relatively "sticky" (non-discretionary) items, we can approximate it at 100% over the past 10-12 years (Debatable but I didn't hear you say anything contradicting this, so let's assume this is true for now)
3. Chipotle's menu items have not gone up by 100% over that time period (Fact, go into a Chipotle store to verify)
The difference between Chipotle's current pricing vs what they WOULD charge if they simply passed 100% of the inflationary effect onto consumers is what Chipotle "absorbed" as part of their losses.
Corporate taxes would work the same way, in that Chipotle will not charge something absurd like $16 to offset the losses they would have to pay to the Feds, they would absorb part of the taxes. How much % is debatable, but the notion that "Corporations would simply pass the tax expense onto consumers" is a lie!
It is split between the 2 parties unless the goods/services in question are extremely inelastic (like insulin)