To: groanup
Well the problem with many people is they buy into the phony analysis by the well paid economists like Mastromarco. I can buy into that there is 20-30% embedded taxes in most consumer goods. The NRST does eliminates most of these embedded taxes, however much of the savings goes into the pocket of the employees and not into reducing the cost of the good. The biggest lie from your hired guns is they tell us the price of goods will come down the 20-30% at the same time you will get to keep all of your current paycheck. Well guess what, that is a big fat lie. Unless employees take a pay cut there is no way on God's earth that prices can come down that 20-30%. Until the hired gun experts can tell me an honest story I am not buying the stuff the spew out. Some people may fall for their smoke and mirrors, but not me. Their analysis is severely flawed and until they reconcile it, all it is useful for is to wipe your butt with.
To: Always Right
Their analysis is severely flawed and until they reconcile it, all it is useful for is to wipe your butt with I'll concede that the 23% reduction of prices due to embedded taxes can't happen without wages being reduced. But I won't deny that at least a 10-15% price reduction will happen. Over and above that the only reduction in costs will be compliance. But the increase in economic activity and productivity is a reason to consider the fair tax. I honestly believe that with the increase in jobs and permanent employment the USA will experience explosive growth. The only caveat is the stupid mindset of so many of our young people and union employees who have become accustomed to not having to turn a hand to receive a wage. But that is a story for another day.
204 posted on
05/13/2005 9:47:31 PM PDT by
groanup
(http://fairtax.org)
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