Quotation of the Day
17th June 2025
Andrew Mellon:
High taxation, even if levied on an economic basis, affects the prosperity of the country because in its ultimate analysis the burden of all taxes rests only in part upon the individual or property taxed. It is largely borne by the ultimate consumer.”
Businesses, whether corporations or personal, don’t pay taxes. They merely collect taxes. Any tax they collect is passed on to the purchaser in the form of higher prices. So any politician who trumpets the notion of ‘sticking it to the rich corporations’ is both a fool and a liar–who he’s really ‘sticking it’ to is the customer, and ultimately the consumer.