Dependable Erection

Thursday, August 07, 2008

McDonalds endorses meals tax

Well, not really. But that's one way to interpret this:
The world's largest restaurant chain posted second-quarter profit that beat expectations on strong international sales, but said to offset mounting commodity pressures it was looking at changes to the popular Dollar Menu, which lures value diners.

"I don't think customers care that much if the price moves slightly away from a dollar," Chief Executive Jim Skinner told Reuters in an interview on the sidelines of an event to mark its sponsorship of the Olympics.

"It will always be the best value around," he said.


If you think about the city as a business that's owned by all of its residents, well, then occasionally that business, like McDonalds, needs to raise its prices in order to keep providing services to its customers and returns to its owners. I know most people don't like to think about their government that way. It's easier to bitch and moan about taxes. But McDonalds' higher prices generally go to making people like Jim Skinner wealthier, and not to keeping our streets clean or our teachers and police officers paid well enough to want to keep their jobs.

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