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You just have to love what economic illiterates leftists are.

SFGbob
SFGbob Member Posts: 33,183
White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.

Psaki made the remarks during the following interaction with a reporter.

https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes??utm_source=twitter&utm_medium=social&utm_campaign=dwtwitter
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Comments

  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    Well if Peppermint Patty says it's unfair we can expect Corporations will heed her warning.
  • HHusky
    HHusky Member Posts: 23,854
    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,613 Founders Club
    I got a 5% cost increase from a key supplier a couple of weeks ago. We have already sent even higher price increase notices to my customers as a result. No pushback, PO’s are clearing at the new prices.

    Got lots of pushback with proposed 3% cost increases a year ago.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,656 Founders Club
    Bob_C said:

    I got a 5% cost increase from a key supplier a couple of weeks ago. We have already sent even higher price increase notices to my customers as a result. No pushback, PO’s are clearing at the new prices.

    Got lots of pushback with proposed 3% cost increases a year ago.

    I'm telling folks this is our price take it or fuck off


    Business as usual in other words
  • hardhat
    hardhat Member Posts: 8,344
    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    Psaki is a spokesperson, not a policy expert. She says what she's told to say and been briefed on. So you're saying there's not a single person the WH that knows anything about econ.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,613 Founders Club
    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    Not the case. Have several big customers that your debit card has been busy at. They aren’t even blinking at higher costs from suppliers.

    You are paying for my trip to Bandon Dunes next year. Appreciate that.
  • HHusky
    HHusky Member Posts: 23,854
    Ask me how I know most of you girls never took econ--or at least didn't pass.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,613 Founders Club
    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Do tell.
  • HHusky
    HHusky Member Posts: 23,854

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
  • hardhat
    hardhat Member Posts: 8,344
    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    I'm sure you're rich in friendship. #blessings
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,003
    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    The Dazzler posting from his fantasy mansion in Lake Woebegone.

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,656 Founders Club
    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    What a buffoon
  • Sledog
    Sledog Member Posts: 37,623 Standard Supporter
    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    You couldn't get laid in a women's prison with a fist full or pardons!
  • Sources
    Sources Member, Swaye's Wigwam Posts: 4,329 Founders Club
    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    I'd be happy to compare K-1's
  • Goduckies
    Goduckies Member Posts: 7,964
    SFGbob said:

    White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.

    Psaki made the remarks during the following interaction with a reporter.

    https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes??utm_source=twitter&utm_medium=social&utm_campaign=dwtwitter

    Uh Jen, who is going to pay for it then? The tooth Fairy?
  • Tequilla
    Tequilla Member Posts: 20,098
    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
  • Goduckies
    Goduckies Member Posts: 7,964
    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    I took economics while working on my master of finance... understand economics a hell of a lot more than you turbo
  • greenblood
    greenblood Member Posts: 14,559
    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Deflecting again I see…
  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    Goduckies said:

    SFGbob said:

    White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.

    Psaki made the remarks during the following interaction with a reporter.

    https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes??utm_source=twitter&utm_medium=social&utm_campaign=dwtwitter

    Uh Jen, who is going to pay for it then? The tooth Fairy?
    I hear they're looking at taxing lemonade stands and garage sales. Don't laugh with these fools, nothing could be off the table.
  • HHusky
    HHusky Member Posts: 23,854
    Goduckies said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    I took economics while working on my master of finance...
    Then you should know I’m right.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,613 Founders Club
    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    Downvoted only because as bad as it is, it’s not one of his worst.
  • HHusky
    HHusky Member Posts: 23,854
    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,529 Standard Supporter

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    Share?

    If a company has goals to maintain say 8% after tax margins, they are going to keep 8% after tax margins. Companies will continue their post tax margin, while consumers pay.
    The dazzler has a pretend MBA and a few months ago was arguing that taxes had no impact on company investment decisions despite the fact that after-tax cash flow analysis is the key driver of investment decisions. It's like arguing that an increase in the sales tax rate won't and shouldn't impact the cost of a retail product to the consumer. Sure.
  • HHusky
    HHusky Member Posts: 23,854

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    Share?

    If a company has goals to maintain say 8% after tax margins, they are going to keep 8% after tax margins. Companies will continue their post tax margin, while consumers pay.
    The dazzler has a pretend MBA and a few months ago was arguing that taxes had no impact on company investment decisions despite the fact that after-tax cash flow analysis is the key driver of investment decisions. It's like arguing that an increase in the sales tax rate won't and shouldn't impact the cost of a retail product to the consumer. Sure.
    Gasbag confuses different notions a lot.

    Well, you knew that, of course
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,529 Standard Supporter
    HHusky said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    Share?

    If a company has goals to maintain say 8% after tax margins, they are going to keep 8% after tax margins. Companies will continue their post tax margin, while consumers pay.
    The dazzler has a pretend MBA and a few months ago was arguing that taxes had no impact on company investment decisions despite the fact that after-tax cash flow analysis is the key driver of investment decisions. It's like arguing that an increase in the sales tax rate won't and shouldn't impact the cost of a retail product to the consumer. Sure.
    Gasbag confuses different notions a lot.

    Well, you knew that, of course
    Wasn't me with a pretend MBA that was arguing that the taxes were not a a factor in investment decisions. It wasn't me that voted for a dementia patient that is bought and paid for by the chicoms and is arguing that $3.5 trillion in new welfare spending won't cost nothing.