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Cake day: June 13th, 2023

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  • enragedchowder@lemmy.catoLemmy Shitpost@lemmy.worldSweet tea
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    1 year ago

    It doesn’t make a difference which side you tax. If consumers are taxed then corporations will still feel it through reduced demand for their product. If corporations are taxed, consumers will still feel it through increased prices. The tax burden does not depend on who is taxed, but rather how elastic supply and demand are.