[Mad Dawgg]

Mad Dawgg:"So Prices will increase 30% while Corporations will get an increase in profits due to paying less taxes and spending less on compliance and the customers buying habits will not change because the Corps will blame it on the NRST, is this your assertion?"

expatpat:"My assertion is that that scenario is at least as likely as the FT fantasy scenario that businesses will fall over themselves to immediately give every bit of any savings they get to consumers."

OK, where do consumers get this 30% more income to spend when prices are raised by the "EviL NRST"™ ?

[expatpat]

OK, where do consumers get this 30% more income to spend when prices are raised by the "EviL NRST"™ ?

Oh, the FT fans tell me that employees will keep their gross salaries. Therefore, their take-home pay will be higher, because they won't lose IT withholding dollars.

(BTW, I don't assert that gross prices will be 30% higher, just that the FT dream that they won't go up at all is just a dream. My guess is 10-15%, but who knows)

[lewislynn]

OK, where do consumers get this 30% more income to spend when prices are raised by the "EviL NRST"™ ?

That's the point. They don't get 30% more to spend when prices are raised.