[RobFromGa]

On the off chance you're right, the higher prices would be canceled out by the higher pay workers take home.

Anyone living on a fixed income, or who had accumulated any wealth would have their purchasing power destroyed.

[phil_will1]

"Anyone living on a fixed income, or who had accumulated any wealth would have their purchasing power destroyed."

As previously stated, anyone with substantial holdings in equities would do extremely well. Of course, you don't wish to "debate the macreconomic effects" until FairTaxers acknowledge your supremacy in estimating tax costs. You would much rather just make unsubstantiated assertions.

I see you have quickly picked up a rather nasty habit of the FR SQLs in that you make an assertion that is counter-intuitive and not backed by any research whatsoever and you expect that once that opinion is stated, it becomes the "law of the land" as far as subsequent tax threads go.

My response to that position is indicated in my tag line.

[groanup]

Anyone living on a fixed income, or who had accumulated any wealth would have their purchasing power destroyed.

Those on SS only would pay no tax whatsoever. Those who had any wealth inside qualified plans would benefit greatly. Those who accumulated wealth outside qualified plans would be able to continue the growth of that money tax free. Those who really could afford to spend a lot of money would be the only ones hurt. Not that they should be.