Replies

"Price going down 30-40% the first year is purs bullcrap."

"Who is saying that?"

"Dale Jorgenson, former Harvard University economics department chairman, projected an average product price reduction of 20 percent to 30 percent in the first year after adoption of the FairTax."

We have established that Dr. Jorgenson has forecast a 20 - 30% decrease in prices for US produced goods. We are trying to determine how 20 - 30% got changed to 30 - 40%.

Any insight into that, AR? As someone who hates exaggeration, you should be as interested in that as the rest of us, right?

Here's an old thread, check out post 17. It was a mistake on my reply, but I have seen the 40% number thrown around before. Old Thread

pigdog: "In addition it does not take the effect of hidden taxes into account which many studies have shown to be from 20 to 40% of the price of things you buy."

And another thread, post 1:

There are many reasons why prices will fall from 20-40% once the FairTax is the law of the land:

and another one, post #15:

"What these VOTERS are unaware of are the "hidden" taxes they pay. Eventhough they may have been totally taken off the income tax rolls, they still have 15.3% taken in payroll taxes and with what income is left over, they pay an additional 20-40% for every good and service they buy."

There's more if you care