In essence, the statement suggests that corporations do not bear the financial burden of taxes themselves; instead, they transfer this cost onto consumers by incorporating tax expenses into the prices of their products and services. Furthermore, it points out that corporate taxation often benefits certain companies more than others due to various credits, exemptions, and subsidies provided by government entities, which these favored businesses appreciate greatly.
The deeper implications of this quote touch on broader issues within economic policy and corporate governance. It critiques the idea that corporations are independent from societal impacts since they ultimately pass along costs to consumers, making it difficult for individuals to escape the effects of corporate taxation. Additionally, the statement highlights a potential conflict between political power and business interests, suggesting that tax policies can become tools for favoritism rather than fair economic regulation. This creates an environment where certain corporations may gain undue advantages through government intervention, leading to inequality in the marketplace.
George Will is a renowned American author, syndicated columnist, and conservative commentator. Known for his articulate and often provocative views on politics, economics, and social issues, he has been a prominent voice in the media landscape since the 1970s. His insights frequently appear in national publications, and this particular quote reflects his critical perspective on the interplay between corporate interests and government policies.
