Re:Universal Basic Income is Capitalism 2.0
by runarberg on Thursday July 30, 2020 @12:30PM
(#24000080)
Even though there is no difference economically speaking, there is definitely a psychological difference. We have studies that prove this fact.
It is a gross oversimplification to ignore the perceived difference of an airline raising their price because of a tax, and a consumer having to have to pay an extra tax of their air tickets.
There's some wiggle room (eg maybe some airlines get too much profits and with the right incentives you can get them closer to the market price), but generally speaking, taxes to corporation trickle down directly to consumers.
That's something people don't understand, because they visualize giant mega-corporations as extracting immense amounts of wealth from the poor and giving it to their rich CEOs, but in practice these corporations benefit from economies of scale, and their margins are fairly tight.