No change in overall sales volume is even required, merely adjustment in pricing offsetting repeal of business income & payroll taxes and the lower tax related overhead costs that come with that, with profit maintained.Were you saying something about "not just a mere hypothetical in generalized language"?----
Such a change would of necessity include large changes in market elasticities simply by virtue of the open incentives to the consumer to save & invest taxfree and spend more later, or spend less now and be taxed.
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With the added pressures place on business by the consumer/investor, as well as competitors more than happy to attract that consumer to their companies, producer level prices will indeed come down to the advantage of those that adapt, those that refuse to will be left hanging in the breeze of being passed by.
Were you saying something about "not just a mere hypothetical in generalized language"?
"As I challenged you before in #249, quantify it across the broad economy as has been done by others."