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From Saturday’s Washington Post:
[New stadium opponents] said that although the stadium proposal calls mainly for taxing stadium services and big business, they feared that businesses would simply pass those extra costs on to consumers. [emphasis added]
Free hint: the businesses will pass those extra costs onto consumers, either through increased prices or lower levels of customer service (i.e. reducing payroll). Or they’ll leave Washington entirely.
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Signifying Nothing formerly featured the stylings of Brock Sides, a left-leaning philosopher turned network administrator currently residing in Memphis, Tennessee who now blogs at Battlepanda, and Robert Prather, a libertarian-leaning conservative economist and occasional contributor at OTB.
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1 comment:
Maybe we should pass a law saying businesses cannot pass the cost of business onto consumers.
Bad economics is always made better with bad legislation!