Every business with employees will realize this savings - specifically any business you buy from... and every business they buy from.
That's not all, of course.
Vendors will be able sell to you for less, subs will be able to charge less, and any profits you make are all yours. Purchasing power of your personal dollar remains constant.
It will be faster/easier to save for a home and easier to qualify with lower rates.
I sense a lot of fear in your posts about your business - I understand that - you have to be able to manage the change - like any change. I know it will be a lot easier to qualify someone for a loan and I'm happy about that -
That will save me anither $40K, still about $1.7 million short of being able to keep my prices the same.
I don't know if you pay employer's share of payroll taxes - that will go away. And your self employment tax goes away too. You may use those funds for a productive purpose - giving a raise, reducing your prices, investing in a new machine?Don't forget Always Right has to pay the NRST on his personal purchases so he will be inclined to give himself a raise if he wants to keep his purchasing power the same. If he had investors, they would also be paying the tax on their consumption so to keep the real value of their return on investment constant, that return in nominal values must go up.
Lower interest rates is a laughable arguement. Interest rates and money supply is controlled by the fed. If all your rosey economic predictions came true, the fed would be forced to tighten the money supply and raise rates. Again, the pointie headed professors are clueless. Well educated, but clueless.