KTC> The most likely result of this new tax is that expenses go up to $16 million and profit goes down to $4 million,
Most likely? KTC?
Over the last few years I have learned a new lesson
regarding 'economics of business'. Cut a business's
profit margin by 20% . . . and the first thing they
will try to do is recover that 20%.
(My employer regularly holds 'State of the Union'
meetings . . at first they were held in a nice place
with refreshments . . . for the last couple of years
they've been held in an open space in the back with
metal folding chairs (no padding) and no refreshments.
They talk about the desired profit margin and the fact that they will do ANYTHING to meet that profit
margin. Including mandatory days off without pay.
About five of them so far this year.)
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