Good mornin’ HTRN,
Could you explain to my still asleep brain how prices would ease ? and prices of what ?
Thanks ~
Prices of any thing sold retail that has to cover the expenses of labor used to create it or make it available. That’s a lot of stuff. Tax expenses will go out of the labor, to the tune of the difference between 35% and 9%. This will make it possible for the goods to be sold cheaper and still make ends meet as well as they did before.
The Cain tax may not be a perfect nostrum, but it looks more wise and ingenious than anything our other politicians have offered. Its ultimate fate won’t be up to Cain but up to Congress, so it’s not like electing Cain president automatically means America gets his new tax plan. And that’s as it ought to be. That’s why there’s a Congress, and the president is not an emperor. (Though somebody ought to tell Obama about that.)