Re: Local Currency Article

[Mbindnerdc@aol.com]

If Exxon were to pay taxes, they would raise the price of gas.  If income taxes 
were scrapped, their other option would be to lower the gross wage (and 
increase the net) to a level which absorbs the cost of their new tax bite 
(since income taxes would go away, they would have some room to do this).  They 
might also pay a lower dividend to shareholders (like my 401(k).

In a message dated 12/10/2002 6:45:05 PM Eastern Standard Time, 
PBottissr@aol.com writes:

>MB:
> 
>You seem to be of the opinion that taxes should not be passed down to the 
>consumer? Do you think that every manufacturer, distributor, retailer do not 
>now pass their tax costs to the consumer?
>
>Of course they are and they should be, the problem is not with who pay's 
>taxes it is with who does not pay taxes, Exron for one example among many 
>that I could name who have sales and cash flows in the billions maybe 
>trillions annually and still they aid no taxes in four out of the last five 
>years before they filed for bankruptcy. In those yeaars the average taxpayer 
>paid four months wages to tax collectors. By using the concept of the Tobin 
>Tax and applying it to all transactions having a monetary value the average 
>tax payer would have paid less that $100.00 Enron would have paid a tax of 
>$1billion for each trillion of transactions and movements of their money. 
>That is the message on my web sites. Paul Bottis  
>
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