https://archive.freecapitalists.org:443/forums/5.aspxenCommunityServer 2008.5 SP2 (Build: 40407.4157)https://archive.freecapitalists.org:443/forums/thread/37175.aspxWed, 11 Jun 2008 00:26:30 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:37175Solredime0https://archive.freecapitalists.org:443/forums/thread/37175.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&PostID=37175<p>I believe that is correct.</p> <p>Taxation may also incur cost-cutting, such as firing people, thus creating unemployment.</p><div style="clear:both;"></div>https://archive.freecapitalists.org:443/forums/thread/37164.aspxTue, 10 Jun 2008 23:15:36 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:37164Libertas est Veritas0https://archive.freecapitalists.org:443/forums/thread/37164.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&PostID=37164Basic question. Taxing oil company profits seems to be the latest fashion trend on the left. This got me thinking about what effect increased taxation would have on an industry. Would it be accurate to say that taxation decreases competition? The more profits are taxed, the less incentive marginal producers have to stay in the industry?<div style="clear:both;"></div>