Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: pigdog
What the economist said related to his calculations of the model he used and is in no way a representation of what would happen with wages and prices since an economist's simplifying assumptions do not control wage contracts tham many, many employees have - which are based on gross wages. The economist just assumed those sorts of things away to make his study. It doesn't at all mean that's the way if will happen.

Garbage in, garbage out. You can't change the fact that Boortz/Linder and the Fairtax.org website rely on this study for their calculations. If the study is flawed, the Plan is flawed. You need an accurate study before you can discuss your Plan.

49 posted on 09/02/2005 1:07:43 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
[ Post Reply | Private Reply | To 47 | View Replies ]


To: RobFromGa

As I think you probably know, Robbie, the authors of the book had a lot more information than just one economic study to look at.

For example, the 75 economists who joined in urging each Congresman and the President to support and pass the FairTax ALL stated that workers would receive their entre gross pay:

http://www.fairtax.org/pdfs/Open_Letter_President.pdf

And the economist Jorgenson clearly recognizes the great benefits to be obtained from the FairTaxfor the country when he says "... substitution of a National Retail Sales Tax for the existing income tax would result in gains that would accrue to workers and investors due to greater economic efficiency ..." - THAT's the real message of his economic studies (but one the Squirrels would like to have you not realize).


51 posted on 09/02/2005 1:31:40 PM PDT by pigdog
[ Post Reply | Private Reply | To 49 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson