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Overnight Open Thread

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drcordell2/19/2010 9:21:10 am PST

re: #809 Guanxi88

Yeah, if the cost of doing business (taxes, headaches, and what-have-you) becomes too high, people will sit it out. That’s not leaving money on the table, that’s cashing in your chips and going to check out the floor show.

And I’m telling you that you haven’t given a single real-world example of this behavior. It sounds really, really good on paper. But at the end of the day it just doesn’t happen. If someone running their business is upset over their tax bill and decides to cash out and quit, someone else who wants that profit will move in and take over their market share. It’s as simple as that.