Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: lewislynn
So which "testimony" is the lie? The price reduction? Or the 100% paychecks....HMMMM?

You know as well as I do that the cost of employment is greater than the employee's hourly rate, because of matching SS expenses. (7.5%, IIRC-calculated as an exclusive rate, or inclusive, I don't know.) If that goes away, the employee gets the full hourly rate, the employer pockets the gain, and the cost of production drops. So both are true. Competition takes care of the rest.

If that doesn't convince you, maybe we could get Harry Reid to contribute some of that retirement money for more research!

213 posted on 08/20/2005 4:20:43 AM PDT by ovrtaxt (Fairtax.org)
[ Post Reply | Private Reply | To 198 | View Replies ]


To: ovrtaxt
You know as well as I do that the cost of employment is greater than the employee's hourly rate, because of matching SS expenses. (7.5%, IIRC-calculated as an exclusive rate, or inclusive, I don't know.) If that goes away, the employee gets the full hourly rate, the employer pockets the gain, and the cost of production drops. So both are true.

Saving 7.65% on labor costs to the business is nice, but that amounts to roughly $350 Billion. For prices to come down 20% on a tax base of $10 Trillion, business owners will need $2 Trillion worth of savings. We have always granted you $350 Billion on that point, but you still must find $1.65 Trillion more. No matter how much you exagerate compliance costs and business taxes, you are still over $1 Trillion short of meeting your little fairytale. Are you saying business owners are going to take $1 Trillion less in profits????

217 posted on 08/20/2005 5:12:37 AM PDT by Always Right
[ Post Reply | Private Reply | To 213 | View Replies ]

To: ovrtaxt
If that goes away, the employee gets the full hourly rate, the employer pockets the gain, and the cost of production drops.So both are true. Competition takes care of the rest.
LOL! Where is that written? Just saying both are true is no longer good enough. Parroting the lies and no straight answers is getting old.
(7.5%, IIRC-calculated as an exclusive rate, or inclusive, I don't know.)
On the one hand you pretend to be the expert on how it would all work, on the other you admit you don't know even the basics...That's very telling.
If that doesn't convince you, maybe we could get Harry Reid to contribute some of that retirement money...
The Fairtax won't change that either and you can bet he'll see to it his retirement would be increased 30% (not 23%) to cover any future taxes he'd have to pay from it too.
237 posted on 08/20/2005 7:57:09 AM PDT by lewislynn (Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
[ Post Reply | Private Reply | To 213 | View Replies ]

To: ovrtaxt
Competition takes care of the rest.
You people always claim it's the other guy that's going to do it first...what makes you think I'm not the other guy?
242 posted on 08/20/2005 8:13:34 AM PDT by lewislynn (Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
[ Post Reply | Private Reply | To 213 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson