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To: RobFromGa
Thanks for the article.
You should note that in the IGEM model used to come up with those price reductions, the price of labor goes down as the marginal tax rate on labor goes down (i.e., wages go down as personal taxes go down).
355 posted on 08/16/2005 4:20:45 PM PDT by Your Nightmare
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To: Your Nightmare

That article also assumes the imported cost of crude oil will drop by more than 13% by enacting the fair tax. How is this possible when it is mainly imported?


358 posted on 08/16/2005 4:40:13 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
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To: Your Nightmare

We've been through this several times, Nightie, and that's YOUR assumption. Why bring up this old saw of yours again?

You don't even understand how the model operates and you don't understand that equation is for establishing initial conditions to project from. You seem to enjoy misstating things.


361 posted on 08/16/2005 4:52:45 PM PDT by pigdog
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