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To: Your Nightmare
If it is incident on the factors of production, then wages and the return to capital will fall but sales tax inclusive prices will not be any higher, on average, than they are today. If the sales tax is fully incident on consumers, then prices will increase by the amount of the sales tax but returns to labor and capital will be higher.

Now we're getting some sanity. There's no free lunch - either prices will go up or gross salaries will go down. The claim that there is enough $ in compliance costs to avoid this is totally wrong.

203 posted on 03/08/2005 11:51:22 AM PST by expatpat
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To: expatpat

You lost all credibility when you let it be known that you think it's worse to defend oneself from physical assault than speak an insult to a person.


207 posted on 03/08/2005 11:52:41 AM PST by Zon (Honesty outlives the lie, spin and deception -- It always has -- It always will.)
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