Can you believe this?
YOur inability to understand even the most basic elements of microeconomics does not make them false.
Sounds like something straight out of the Patrice Lamumba School of Economics to me!
Well it is the truth. I don't factor in my income tax into my prices because it is impossible to know ahead of time. I work to maximize profits by offering products at a competitive price while keeping my costs down. Maximizing profits will cause my income taxes to go up, but I do not charge my customers more because I am now making more money.
"Our income tax system has no effect upon pricing and thus is not disadvantegous wrt the rest of the world."
"Can you believe this?"
Amazing, isn't it? He has no clue and he acts like he is the source of all knowledge and wisdom as it pertains to economics. There isn't an economist in the world who would subscribe to this lunacy. Where do the funds to pay taxes (ALL taxes) come from .... manna from heaven, I guess.
I give up. It's like talking to a brick wall. The "SQLs", as PD calls them, will twist any economic or business principle around to deny any benefit of the FairTax. This may be as lame as YN's contention that, since the timing differences of income taxes appear on the balance sheet, that proves that income taxes are not a "cost".
As the old saying goes "a little knowledge is a dangerous thing." That being the case, the SQLs must be VERY dangerous.