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Note To Politicians: Businesses Aren’t Fountainheads
Of Free Cash 

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Posted By: FlyRight, 8/16/2025 3:45:23 AM

Consumers see businesses as partners in transactions they have voluntarily chosen to take part in. They might not always be happy with the exchanges they make, but they generally understand that they are making a tradeoff that benefits both parties.  Policymakers, however, far too often see businesses as endless sources of money to fund their agendas.  On occasion, businesses will reach a breaking point. So they defend their interests, as some in Los Angeles are doing. A coalition has launched a June 2026 ballot measure to repeal the gross receipts tax, which is levied on business revenues, not profits (and is often passed on to consumers in the form of higher prices). 

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Reply 1 - Posted by: anniebc 8/16/2025 6:42:25 AM (No. 1991150)
Businesses, like Americans, are taxed way too darn much, and policymakers see all our money "as endless sources to fund their agendas." Greedy politicians have destroyed "this democracy" (actually known as America).
2 people like this.

Reply 2 - Posted by: DVC 8/16/2025 1:01:40 PM (No. 1991334)
Previously posted.
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