[Your Nightmare]

In fact, Nightie a few threads you were attacking the Transitional Inventory Credit, claiming (erroneously - which you have never admitted BTW) that items qualifying for the credit did not have to be taxable under the FairTax (they do).

You don't want to accept that the Transitional Inventory Credit applies to "work in process" and that the credit rights can be sold with the goods.

Is it so hard to believe that in a $12 trillion economy, there are $1.2 trillion goods in inventory or work in process at any particular time? Seems reasonable to me.

[pigdog]

Sorry, Nightie. Your number was in error by 400+ percent as I showed you.

You're just not honest enough to admit it. The number you used was not "in process" but was the total inventory in the entire economy (manufacturers, wholesalers, etc.). Whatever "seems reasonable" to you is almost undoubtedly wrong since you merely attempt to warp the truth to fit your attacks on the Fairtax.

You were also wrong when you claimed the inventory involved did not have to be taxable under the FairTax (it does) ... and you've never admitted THAT either. It's hard to see why anyone would be foolish enough to believe your "stuff".