Blog

My letter to the Philadelphia Inquirer re: The consumer always pays

My letter to the Philadelphia Inquirer re: The consumer always pays
Profile photo of Patrick Barron

Dear Sirs:
I have been following your reporting of Mayor Kenney’s proposed tax on sugary drinks. Please keep one thing in mind-consumers pay every tax; corporations merely collect it. Coca Cola and Pepsi must pass on the cost of any tax to the consumer or go out of business. Do not be confused with supposed “research” that shows that not all previous taxes were passed on to consumers. ALL business expenses are borne by the consumer of the final product.

Patrick Barron

Blog
Profile photo of Patrick Barron

Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of Banking, University of Wisconsin. Visit his blog. Send him mail.

More in Blog

Blowing Hot Air on the Wrong Target

David HowdenJuly 20, 2016

A wonderful new book about Austrian economics for the layman

Patrick BarronJuly 11, 2016

The Real Lesson of Brexit

Patrick BarronJuly 7, 2016

Wrong solution to a misunderstood problem

Patrick BarronJuly 6, 2016
Big_Ben_-_05

The consequences of leaving the party

Alasdair MacleodJune 24, 2016

My letter to the Philadelphia Inquirer in defense of Brexit

Patrick BarronJune 13, 2016

Puerto Rico needs better advisors

Patrick BarronJune 10, 2016
smokestack

The problem with cap and trade

Danny LeRoyJune 8, 2016

Trade negotiations are not necessary

Patrick BarronJune 7, 2016