Then maybe you would like to show us the math the you got your ~11% from.
Nah, I figure you are capable of doing a simple arithmetic ratio proportion from the information in #88.
And this is a 1 to 1 relationship? Nobody is saving more?
Hmm 18% NRST in place, 0% tax on investment and earnings. With investment and saving favored investment already inceases earnings and economy growing.
Repeal social security, drop the 18% NRST on consumption to 11%. Disincentive to consume falls, disincentive to invest/save remains at 0%.
Lower tax rates allow economic expansion with main increase in consumption and small increase in investment/savings. With economic growth arising from both increase in savings and investments and earnings, 1 to 1 is not an unreasonable assumption for calculating a mere target tax rate to trend to.
However, if you want hard measurements and figures, all we have to do is put the system in place and go for it.
With economic growth arising from both increase in savings and investments and earnings, 1 to 1 is not an unreasonable assumption for calculating a mere target tax rate to trend to.And I'm sure that was what you were thinking, it wasn't in any way a mistake.