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To: Your Nightmare

There was no need to post all of the other stuff you did.

Sure there was, as the material you quoted had a much greater context demonstrating how opponents of the NRST misrepresent it through fallacious, inconsistant and incomplete arguments.

Surely you would want folks to see the import of Mastromarko and Burton's remarks regarding William Gales comments regarding prices and wages without having to load a full PDF, wouldn't you?

334 posted on 06/02/2005 10:23:42 AM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
Sure there was, as the material you quoted had a much greater context demonstrating how opponents of the NRST misrepresent it through fallacious, inconsistant and incomplete arguments.
My quote from Mastromarco and Burton was none of those. None of what you posted changes what they said. They clearly stated that either inclusive prices and after-tax wages stay the same; or prices and after-tax wages will increase. It's their opinion that it's an "either/or" situation.

"The replacement sales tax could be incident on the factors of production or it could be incident on consumers through higher prices. It cannot be both. If it is incident on the factors of production, then wages and the return to capital will fall but sales tax inclusive prices will not be any higher, on average, than they are today. If the sales tax is fully incident on consumers, then prices will increase by the amount of the sales tax but returns to labor and capital will be higher. "

336 posted on 06/02/2005 11:20:54 AM PDT by Your Nightmare
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