Mark Cuban: Why I Don't Care About Taxes

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News & Politics

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• mark
• cuban
• taxes

[afaultytoaster]

@Skyler827 labour isn't being taxed, the product of labour is. if a company chose to employ more people doing busy work then that would surely increase the cost of commodities, but taxes aren't forcing anyone to do busy work

[Skyler827]

@afaultytoaster explain to me how taxes do not alter the cost of bringing goods to market. I'm confused. I thought If you tax labor, I thought this would increase the price of all products of labor.

[afaultytoaster]

@Skyler827 taxes don't alter the cost of bringing goods to market, they only decide how large a share of the proceeds go to the company. it's a tax on income, not doing business per se

[Skyler827]

Erm, no, lowering taxes is not giving away money to the CEOs. Lowering taxes increases the supply schedule by lowering the cost of bringing the goods to market, which lowers prices and increases production. Managerial compensation is for managerial labor, and the compensation is high because the quantity demanded is so low. Actual profits only exist when there is a correct, uncertain guess about how resources should be used or if the state is granting privileges to producers.