"Our income tax system has no effect upon pricing and thus is not disadvantegous wrt the rest of the world."
"Can you believe this?"
Amazing, isn't it? He has no clue and he acts like he is the source of all knowledge and wisdom as it pertains to economics. There isn't an economist in the world who would subscribe to this lunacy. Where do the funds to pay taxes (ALL taxes) come from .... manna from heaven, I guess.
I give up. It's like talking to a brick wall. The "SQLs", as PD calls them, will twist any economic or business principle around to deny any benefit of the FairTax. This may be as lame as YN's contention that, since the timing differences of income taxes appear on the balance sheet, that proves that income taxes are not a "cost".
As the old saying goes "a little knowledge is a dangerous thing." That being the case, the SQLs must be VERY dangerous.
Amazing, isn't it? He has no clue and he acts like he is the source of all knowledge and wisdom as it pertains to economics. There isn't an economist in the world who would subscribe to this lunacy.You are really showing your ignorance. Justshutupandtakeit hasn't stated anything that isn't well accepted in the economics field. You really need to get up to speed on these issues if you want to appear as if your support of the FairTax is based on reasoned judgment. The ignorance of FairTax supporters of basic economic theory is, frankly, shocking.