Which has nothing to do with the price of tea in China. We are talking about prices dropping 20% because of embedded taxes. You can change the arguement to something else, but it doesn't change the fact that your fairytale scenerio of employees keeping their full paycheck and prices coming down 20% is a total misrepresentation of what Jorgenson said. This is a $1.335 Trillion lie. You can rationalize it away with excuses and other explainations, but it does not change the fact the you continue this lie.
We are talking about prices dropping 20% because of embedded taxes.
We are talking about producer prices dropping 20% because of the repeal of the income/payroll tax system as presented by the Jorgenson FairTax study done for AFFT.
That entails a great deal more than merely counting the amount of tax revenues remitted by a business to government. It is a comprehensive figure that takes all factors changes in business productivity, direct overhead costs burdening business and business decisions, and depressed markets due to high tax rates and attendant costs on business. 20% in price received by the producer is a consequent effect upon business sectors throughout the economy of removal of federal taxation of business and competitive interaction with the consumer, other businesses, and investor in how the dollars in circulation are put to use.
You can change the arguement to something else
Lets see, and explaination for how prices can fall without affecting gross wages paid is changing the argument to something else now. Sorry, producer prices fall, wages can remain without change and even increase when, compared to the current tax system, first year sees investment increase by more than 70% over current levels, Exports jump more than 26%, overall production quantities grow by more than 20%, GDP up by more than 10%, consequent demand for labor rises and wages do not fall under such economic conditions.
It is quite apparent why you do not want to look at the entire context of the study to understand how prices can fall with wages constant or growing as business productivity rises.
LOL, the effect of projected 10% growth of the economy happens to totally blow your theories out of the water.
This is a $1.335 Trillion lie. You can rationalize it away with excuses and other explainations, but it does not change the fact the you continue this lie.
A false allegation, no matter how often repeated, remains a false allegation.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
--Arthur Schopenhauer
--German philosopher (1788 - 1860)
No, we're not. We're talking about prices dropping 20% and embedded tax costs are only part of that along with many other things as derived by the IGEM model.