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Bandit Heeler Change My Mind

Bandit Heeler Change My Mind | Corporate taxes are no different than tariffs. | image tagged in bandit heeler change my mind | made w/ Imgflip meme maker
85 views 5 upvotes Made by Jafo 2 days ago in politics
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3 Comments
1 up, 15h,
1 reply
They're ... different. Not sure how to change your mind though. Maybe consult a dictionary or history book for starters.
0 ups, 12h,
1 reply
Well you can start with explaining why they’re different but I am pretty sure you can’t.
0 ups, 3h
Okay. Corporate taxes target corporations, specifically. Duh. People often say taxes are passed on to the consumer, but if you were to say this is the same thing as the tax we have on household goods or gas, you would be mistaken. Corporate taxes take from the profits of a corporation. If the corporation does poorly? Very little tax, if any. Maybe they'll even be deemed "too big to fail" and get a bailout, a refund, or subsidies. If a corporation produce a certain product and taxes increase on that corporation, a small business that produces a similar product is not impacted.

Tariffs target countries, specifically, and to be more precise, specific goods from specific countries get a markup percentage. This is regardless of the financial situation of the country or foreign business they are coming from. The end result is to raise revenue and to discourage citizens from buying those goods from that country. But once again, consumers can buy a similar product from a different country or a company that produces it domestically.

There are similarities, there are differences, and they are not the same. Just like a pen is not a pencil, or a mug is not a wine glass, or a desk is not a table. Learn what nuance is, and maybe check that inflated ego of yours.
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Corporate taxes are no different than tariffs.