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Comment Re: Why would they lower their prices? (Score 1) 429

Why would they lower their prices, unless forced to?

Because the current media prices are almost certainly above the market clearing price (evidenced by market research, retailers' complaints, and the basic fact that the film/music studios are willing to produce more content at the current price level than households are willing to consume.) A competent CEO would lower their prices to make more money.

Comment Re: who will pay? (Score 1) 110

Adding taxes increases the price of a good. Increasing price causes a decrease of demand. In order to return to a profit-maximizing price, firms must then decrease the prices of goods (and reduce output*.) The firm's share of the tax is the amount they need to lower the price. The household's share of the tax is the cost of the tax, minus the price decrease.

Households never pay the entire amount of any sales tax, because demand always responds to price. Arguably, households don't even pay the entire amount of income taxes either, because the supply of labour responds in a similar way.

(* An astute reader will note that, due to the reduction of supply and demand, the total cost of the tax to the economy is greater than the amount which is actually paid to the government.)

Comment Re:Same as school exercise (Score 1) 304

13% of Americans are called the "working poor." These are often single parent retail workers who need to work several jobs in order to survive. When people talk about poor people who do not have the time or energy to prepare meals, we are talking about these people. We are not talking about your family.

Since subtlety is obviously lost on someone with your vast intellect, let me be clear: you are a terrible person and you have no idea what you are talking about.

Comment Re:Same as school exercise (Score 1) 304

This advice works great right up until the new grads reduce the clearing wage in [x] fad trade/technical diploma. This is what happened to make english and biology "bullshit degrees" after all.

Why discriminate though? Every undergraduate degree is bullshit. Outside of Engineering and BFA you aren't going to get hired to do anything close to what you actually studied unless you either have a strong jaw or a rich dad.

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