CNBC's Santelli Brandishes Hammer to Illustrate Obamanomics

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Uploaded by on Feb 10, 2010

CNBC's Santelli Brandishes Hammer to Illustrate Obamanomics

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News & Politics

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  • Why should anyone be saying they are outraged that the taxes a company pays are too low (I guess that was the inference)? People don't realize, companies don't pay taxes. Customers do. companies pass the cost of taxes off on the consumer. If they are charged more in taxes, they raise the price of their product. But if the price gets too high, they can't sell the product anymore and go out of business. It's really pretty simple. If Intell's taxes go up, the cost of your computer does too.

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