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Letter writer makes a good point about unintended consequences

A guy named Robert from Colorado Springs, Colo., makes an interesting point about the consequences of any tax hike, no matter on whom.

While noting that Barack Obama says he’ll only raise taxes on those making more than $250,000 a year, Robert then realizes: "First, my utility company makes more than $250,000 a year so their taxes will go up and that cost will be passed on to the consumer (us) to make up for lost profits, and lets face it, if they didn’t increase their price they would have to cut back on spending and jobs would be one of the first things to go. The same could be said about the local grocery stores, gas stations, and the vast majority of companies out there that provide us with a product or service. … That means school supplies will go up, medicines, clothes, everything. And what’s worse is that most of us will not be able to afford as many goods and services so demand will drop and those companies will have to downsize and we will still end up loosing jobs."

Sounds like a Joe the Plumber kind of guy.

 

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