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18min chapter
Milton Friedman On Reality
THE INTELLECTUAL DARK WEB PODCAST (HOBBES + LOCKE + ROUSSEAU + US CONSTITUTION in ONE SINGLE BOOK)
Who Bears the Cost of Taxes on Businesses?
This chapter discusses the concept of who ultimately bears the cost of taxes on businesses. They explain that although the tax may be paid by the employer, it is actually shifted onto the employee. This idea is supported by economic reasoning and empirical tests.
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