Dr. Jorgenson directly attributes that 20% fall to "producers would no longer pay taxes on profits or other forms of capital income under the NRST and workers would no longer pay taxes on wages". Jorgenson is as clear as clear can be. He states precisely why prices will fall, and it is totally attributed to taxes on profits and wages paid by both the producer and the worker.
Dr. Jorgenson directly attributes that 20% fall to "producers would no longer pay taxes on profits or other forms of capital income under the NRST and workers would no longer pay taxes on wages".
Jorgenson is as clear as clear can be. He states precisely why prices will fall, and it is totally attributed to taxes on profits and wages paid by both the producer and the worker.
Gee I don't see anywhere in his statment or anywhere else in his whole paper which way the wages would go that workers would no longer pay taxes on. In fact I have searched his entire manuscript and wages are never mention again.
However I do remember Jorgenson clearly indicating investment rising over 70%, production quantities rising more than 20% in most business sectors, exports rising more than 26%, GDP rising more than 10%, consequent demand for labor to accomplish all the above resulting in a large requirement for additional labor supply. Looks to me that Jorgenson's results clearly indicate folks have more to spend and invest with such strong economic growth factors.
Don't see any basis for wages to take a downward dive in all of that, whatsoever.
You sure seem to like to to read things in, that you want to believe don't you?
No wonder your responses are so screwed up. People who see things that aren't there tend to have problems coping in life. With such a proclivity I would suggest you seek professional help soon.