[Your Nightmare]

You seem to be missing the point, also.

Oh, I understand your point. It's just total BS. The majority of the "embedded taxes" you claim are in prices are also "embedded" in wages. To get them out of prices, you would have to remove them from wages (i.e. nominal wages decline).

There is no legitimate economist (even the AFT ones) that states that, under a NRST, producer prices will drop dramatically while nominal wages remain level.

[pigdog]

The embedded taxes I'm talking about are in the price increases (cascading sometimes over sereral levels in the price chain) in the things themselves when sold, not in wages.

You and looey seem to miss that point. Not everything is embedded into wages - and especially not the cost of goods that have been boosted artificially.

Its good that you feel that you can speak for all "legitimate economists" while making such an INTERESTING interpretation. Invalid, but interesting.

[Principled]

The majority of the "embedded taxes" you claim are in prices are also "embedded" in wages.

THere cannot be a majority in both prices and wages. That's that middle school math again.

Further, what taxes in wages do you speak of? Taxes reduce wages, not add to them.