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To: Mad Dawgg
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)

1,056 posted on 06/13/2005 7:43:19 AM PDT by expatpat
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To: expatpat
"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)"

OK will the take home pay cover the increase in prices?

1,060 posted on 06/13/2005 7:49:07 AM PDT by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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