Your Nightmare has been attacking the idea for some time now. One of the biggest concerns he has is that the labor supply would be inadequte to support the economic growth that is forecast based on the dramatic shift in pricing of US produced goods relative to foreign made goods.You are misstating my position. I wasn't even commenting on whether the labor supply would be adequate or not. I was specifically discussing the result from the Jorgenson/Wilcoxen model that had the labor supply increasing 30% in the first year. That is unrealistic and points to the flaws in his model.
"You are misstating my position. I wasn't even commenting on whether the labor supply would be adequate or not. I was specifically discussing the result from the Jorgenson/Wilcoxen model that had the labor supply increasing 30% in the first year. That is unrealistic and points to the flaws in his model."
How did I misstate your position? Do you or do you not believe that the labor supply will be the primary limiting factor in the economic expansion that we will experience when the FairTax is enacted?