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To: n-tres-ted

So shifting the bulk of the tax burden to people who live paycheck to paycheck will somehow address the issue that the American standard of living means that Joe Sixpack's labor costs more than the same labor in the third world ?

This is about labor costs due to a higher standard of living. Period.


116 posted on 07/19/2005 9:16:57 AM PDT by Sam the Sham
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To: Sam the Sham
So shifting the bulk of the tax burden to people who live paycheck to paycheck will somehow address the issue that the American standard of living means that Joe Sixpack's labor costs more than the same labor in the third world ?

The Fair Tax Act is actually more "progressive" in its rates on taxpayers than the current tax system. As to the cost of US labor, the only ways to make US labor more valuable are (1) better training and education; and (2) increased capital investment in equipment to assist the employee in being more productive. Plus, an honest dollar will allow the worker to keep the full value of his earnings.

This is about labor costs due to a higher standard of living. Period.

No. Higher standard of living results from higher capital investment and higher productivity, which allows more to be paid for the labor used in the process. The competition is never won; it goes on indefinitely, and those who decide to stop competing will promptly experience a reduction in standard of living.

150 posted on 07/19/2005 11:55:21 AM PDT by n-tres-ted (Remember November!)
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