110% Vice Taxation of Businesses Who..

….despite the tax savings for welfare, unemployment insurance and social security plus the cost savings of being able to borrow at 0% interest and the lowered personal and corporate income taxes that Wisdomics-Gracenomics will enable, raise their prices anyway. The tax will be 110% of what they may have gained if they actually did raise more revenue by raising their prices, and 100% of the difference between whatever they actually made with the price rise as opposed to what they would have made without it…even if they lost revenue as a result of losing market share.

There will of course be a tax incentive for abiding by the new rules and for those businesses that either do not raise their prices or lower them slightly.

 

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