Mr. Favero, it does not work like that

Tony Favero continues the tired old and incorrect GOP themed opinion, "Don’t make businesses and corporations pay their fair share of taxes and eliminate the tax-breaks and loopholes, because they will punish their customers by raising their prices on consumables and punish their employees by reducing their contributions to the employees’ 401K’s and IRA’s, plus, layoff employees and outsource jobs.” Mr. Favero, this is not true and everyone knows it. It does not work like that. If businesses and corporations, big or small, are forced to finally pay the level of taxes they should be paying, they are finally paying the cost of doing business. If they want to raise prices, then consumers will just go somewhere else to buy their products. That is called consumerism and competition in the market place. If those same businesses and corporations want to take it out on their employees, then that is simply a poor business decision which has nothing to do with paying their fair share of taxes. If the businesses want to alienate their employees and cause poor employee morale, thus reducing productivity and profits, and take the chance of losing good quality employees, then they are simply making a poor business decision. The cardinal rule in business is, "take care of your employees and they will take care of you and your business.” In Mr. Favero’s letter to the editor ("Taxing corporate” published in the Aug. 22 issue of the Daily Journal) Mr. Favero seems more interested in how making businesses and corporations pay their fair share of taxes would affect his 401K and IRA’s investments and does not seem to care about what is best for our state, our country and our citizens. It is that type of "me, myself and I” thinking that is destroying our country. Mr. Favero incorrectly claims that businesses and corporations who are made to pay their fair share of taxes will layoff employees and outsource those jobs to other countries. Government taxes and EPA regulations do not do that; the private sector has always done that. Why? Simple, for more money and profits. To businesses and corporations, it is profits first and people second. That is what Mr. Favero is saying. Mr. Favero, it does not work like that.

Michael R. Oberg
San Mateo