this post was submitted on 02 Aug 2024
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Because the Republican Party is still sucking Reagan’s dick. The thought process is if we eliminate all taxes for businesses they will be so grateful they will pay workers more and reduce prices which in turn will stimulate the economy because Americans will spend more because everything is so cheap.
Your average American is so gullible they still believe this bullshit to this day.
I think it all boils down to elasticity - conservatives seem unaware that it even exists. So they think that every dollar a business pays in taxes/wages will go towards higher prices, and every dollar of UBI will go towards higher rents. When leftists say "profit", conservatives hear "revenue".
And when you try to educate them about it, they pivot to an argument against basic econ 101.