Your beloved post only says employees get to keep 100% of their paychecks. I don't see where they are saying prices are also coming down 22%. Those two items are mutually exclusive, even by your 75 economists. If they believed both would happen, they would have stated so.
They do semi-incorrectly say that compliance costs of $250 Billion are embedded in the price of goods. The economists don't understand how that number was arrived or they would realize many of those costs are time spent by individuals and have no bearing on costs of goods. That is an indication your 75 experts really only have a surface understanding of what they signed.
Your beloved post only says employees get to keep 100% of their paychecks.Actually it doesn't say that. It says there would be no withholing..well DUH!... it doesn't say withholding from what.
There's nothing as in NOTHING in HR25 about the requirement of what paychecks would do if the Fairtax was law...
pigdog has no problem making biased ASSUMPTIONS while accusing others of making biased assumptions...no surprise there.
I imagine a specific price decrease is not mentioned because there are differences of opinion on how much it might be so that's not too surprising.
Getting 100% of your pay and having prices drop are certainly not "mutually exclusive" by the 75 economists or even by Jorgenson. But it's very reassuring to know that you KNOW what the 75 would or would not have stated and what they knew that was not in the statement. They didn't predict Hurricane Katrina in the letter, either - does that mean it didn't happen?
It's also encouraging to know that you're smarter than the 75 economists about compliance costs and their effects. Keep up the good work - you'll soon be running for Senator.