You’re correct Scott—what I should have said is ‘they can’t pass it on to us immediately.’ If taxes for the wealthy and business went back to, say 1960’s levels (somewhere between 60-90% of income from what I’ve read); they could not suddenly increase prices by the same percentage.
You’re correct Scott—what I should have said is ‘they can’t pass it on to us immediately.’ If taxes for the wealthy and business went back to, say 1960’s levels (somewhere between 60-90% of income from what I’ve read); they could not suddenly increase prices by the same percentage.