Gone where? Into price reductions or into the pockets of the workers and the business owners? I really don't see employees lining up to take pay cuts so that it may be passed to the consumer. Prices increase under the fair tax, period.
It always amazes me to see how many of the FairTax supporters have bought into the Free Lunch— “100% paychecks, prices stay the same”. It’s kind of sad.
A little common sense is all that is needed...
Always Right makes a good point: “Gone where? Into price reductions or into the pockets of the workers and the business owners? I really don’t see employees lining up to take pay cuts so that it may be passed to the consumer.”
Please consider that the workers will still take home the same pay ... their take home pay ... and not take home the government withholding portion.
Their take home is still at 100%. In fact, calculating their yearly “withholding refund” they likely will get 100+%.
Plus, no more income tax filings ... which is huge headache gone.