Price inflation and taxation are treated differently
I recently read that Starbucks was going to raise the price of a latte, even though the price of coffee beans had not increased. [“Starbucks raises drink prices even as beans cost less,” Business, June 22.]
There are many people who need to have their daily latte and will not have second thoughts about the price increase.
Now, to pay for schools and infrastructure, the local government is considering raising taxes. There is gnashing of teeth and the rending of garments. Taxes!
For a long time, the prices for staple items have been increasing and very little is said. So why are taxes frowned upon?
Leo Shillong, Bellingham