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To: ancient_geezer
Don't know about you, I am talking about first year producer prices (price sans tax) dropping 20% as a consequence of implementation of the FairTax legisilation.

Well that is a nice bait and switch. You ought to tell pigdog, Boortz, and the fairtax.org people. Here is what the fairtax FAQ says:

All goods and services already contain the embedded costs of the current tax system in their prices. When these embedded taxes are removed, prices come down. Dale Jorgenson, Ph.D., former chairman of the Economics Department at Harvard University, has projected an average producer price reduction of 22 percent for goods and services in just the first year after the adoption of the FairTax.

Nothing about growth, only 'embedded taxes'. How deep are you going to dig yourself before you admit to this gross misrepresentation by fair taxers?

409 posted on 08/24/2005 10:37:52 AM PDT by Always Right
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To: Always Right
All goods and services already contain the embedded costs of the current tax system in their prices.

What is so difficult to comprehend in that sentence?

410 posted on 08/24/2005 10:39:39 AM PDT by Bigun (IRS sucks @getridof it.com)
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To: Always Right

For an example of embedded taxes see #310 and #399.


415 posted on 08/24/2005 10:51:40 AM PDT by pigdog
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To: Always Right

Well that is a nice bait and switch.

Hardly, all anyone has been referring to is the effect on prices as a consequence of implementing the FairTax legislation.

Nothing about growth, only 'embedded taxes'.

You figure that removing the burdens of the income payroll tax system from businesses (and individuals) do not have extended ramifications through out the economy and affect producer prices from multiple effects? Sorry but if you figure that is the case, I suggest you do abit of remedial study in economics.

How deep are you going to dig yourself

LOL, the only person I find who is in the process of digging themselves into a hole is yourself, through limiting your perceptual horizon to less than what economics actually provides.

before you admit to this gross misrepresentation by fair taxers?

Once again the ad-hominen attack mode. I see no admission necessary to any "gross misrepresentation" on the part of fairtaxers. Jorgenson's results indicate the level of the producer price reductions which are a result of removing the burdens of the current taxes levied on businesses with the repeal of the federal income/payroll tax system.

Now if you are unable to accept how change is effected on prices out of changing consumer and business behavior in response to modifying the mode of taxation, as in the implementation of a retail sales tax only system; you will just have to be satisfied with an unsatisfactory and partial view of the world. Of course there is a consequence to solidifying your perceptions into a limited view of the economics of the situation, generally to the detriment of your understanding and often to the detriment of ones standard of living. But that is a problem for you to correct, I can only provide the information that I have. Whether you accept it or not is your choice and your consequence.

420 posted on 08/24/2005 11:13:31 AM PDT by ancient_geezer (Don't reform it, Replace it!!)
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