NOW, Mao MOM Originally published on November 17, 2009
Since no one in state government understands market-based economics, allow me to explain on their behalf. When the government raises taxes and the cost of doing business in general, businesses respond in one of two ways. They either raise the cost of their goods and services and "pass" them on to the consumer or they layoff employees in an attempt to reduce the costs of operations equal to the increases imposed by the government.
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