EEE, No it doesen't. What you been smokin'? ANY taxes that are incurred by business {whether sales, owner and worker salaries and wages, income, social security, property, etc} MUST be passed on to the end consumer, or the company WILL lose money. And to think that prices will drop requires an imagination that exceeds bigfoot believers. Peace and love, George.
And to think that prices will drop requires an imagination that exceeds bigfoot believers.
I notice that of the posts that are made to you, you pick and chose which ones you'll respond to. I also notice that despite my below post to you, you continue to to make the same wrong assertion.
The below common-sense explanation proves the wrong assertion you made above. I can only wonder why you would put your credibility on the line by making such an obvious sensational and wrong assertion.
To: George Frm Br00klyn Park
"don’t you think they might lower prices to gain market share?"
JM, NO!! I think{?} companies will return more tax free money to investors in order to lure more tax free money into the company.
Have you noticed the price competition in just about every product and service? Companies that don't lower the price of their products to what the market is paying won't have any investors when their competitors outsell them by two to one because they have lower prices. Being outsold at two to one because a company refuses to lower their prices soon results into being outsold by three to one then five to one and outsold into bankruptcy.
"The Fairtax completely eliminates all these hidden taxes, producing a single tax levied on the final good or service sold to consumers."
EEE, No it doesen't. What you been smokin'?
Um, your penchant for sensationalism makes it appear that you need that tactic because your arguments are too week to carry your position. That is, they diminish your arguments and position.
ANY taxes that are incurred by business {whether sales, owner and worker salaries and wages, income, social security, property, etc} MUST be passed on to the end consumer, or the company WILL lose money.
That doesn't happen with the proposed NRST. The only time a tax is paid is when a new item is bought at the retail level. There's absolutely no tax cost born by the manufacture and distributor.
http://www.fairtax.org/
The farmer pays no tax when he buys a tractor to plant his wheat. The tractor seller pays no tax on the sale of the tractor. He pays no tax on the gas for the tractor. The gas supplier pays no tax when he sells gas to the farmer. When the flour mill buys the farmer's wheat it pays no tax on the wheat purchase. The farmer pays no tax when he sells the wheat to the flour mill. When the flour mill buys a conveyor belt to transport the flour in the mill the flour mill pays no tax on the purchase of the conveyor belt. Nor does the conveyor belt company pay any tax when it sells the conveyor belt to the flour mill. When the flour mill pays an employee to operate the conveyor belt the flour mill doesn't withhold any tax from the employee's paycheck nor does the employee pay any tax on his paycheck -- 100% of it goes into his pocket. When the bread baker buys the flour from the flour mill the baker pays no tax on his flour purchase. The flour mill pays no tax when it sells flour to the baker. When the baker buys a new oven to bake his bread he pays no tax on his purchase of the oven. The oven seller pays no tax when it sells the oven to the baker. When the baker puts the bread out on the retail shelf the consumer that buys the loaf of bread pays the sales tax. The retail level is the only time and place that a tax is paid.
I expect from now that I won see you making the same errors in your future posts.
http://www.fairtax.org/