Quote Originally Posted by Aimless View Post
I do, for 2 reasons:

1. You forget that the average American needs at least 4 Big Macs to be satisfied and the extra $2.68 will mean he won't be able to drive to McDonald's. The consequences will be devastating for gas-station owners.

2. I don't own McDonald's stock and so I wouldn't be able to benefit from their increased profits
Not to be mean, but I don't think a lot of people here have a good concept on how businesses work. It's $2.72 (+ local tax), and simply increasing price doesn't increase profits. In fact, if it did, then they would increase the price. There is something called elasticity in economics, which compares the percent change in price to the percent change in quantity sold, because the too are related. A product like cigarettes probably can increase it's price (if all companies did it) and still sell fine, however, products people aren't addicted to, or aren't necessities will have their change in price have a change in quantity sold. My solution is that I think the higher paid management will work that same job for substantially less pay, and therefore I think taxing them appropriately is the answer. I don't mind having wealthy people, it's just a matter of finding a tax balance that works.