Re:Proposed ballot measure to raise corporate taxes, give ev...
by gus_massa on Thursday June 20, 2024 @09:52AM
(#40738813)
I agree. Also, the cost of the burger includes the cost of labor that may be at minimun wage, byt also the cost of the meat and the bread. That includes the salary of the farm workes that may be at minimum wage, but also the salary of the genetic engenneer making transgenic wheat and the salary of the oil field extraction employes that usualy have big salaries.
So the final increase is harder to calculate.
Re:Proposed ballot measure to raise corporate taxes, give ev...
by lesuorac on Thursday June 20, 2024 @10:03AM
(#40738912)
The people receiving $750 are neither all workers nor consumers of the businesses being taxed.
Sure as an aggregate I bet at least one Oregonian is a consumer/worker of any business with >$25M of income but if you don't spend at least 25k ($750 * (1/0.03)) at businesses making over >$25M then you're coming out ahead if prices go up by 3% at _just_ those specific businesses.
The $10 a burger price increase would be a stupid prediction unless the worker just sells one burger an hour and nothing else. If an employee's share of the selling amounted to, say, 10 burgers an hour on average, then a $1 price increase on burgers would counter the wage raise.