Suprised he cut something out of context? That's his #1 tactic.
THe context was that eliminating tax costs would allow business to cut costs and KEEP THE SAME PROFIT MARGIN... and that if a competitive business fails to eliminate the costs from prices, their competitor will - because the competitor can cut its prices to increase market share WHILE KEEPING THE SAME PROFIT MARGIN.
The whole thing was ...It's increased market share WHILE KEEPING THE SAME PROFIT MARGIN that leads to growing profits...unPrincipled from #485:
"It's increased market share that leads to growing profits."Don't see anything there that says "keeping the same profit margin."
Aah. Gotcha. Now I understand what I didn't in the middle of the night.
Thanks for clarifying that for me.
YN -- I said that he could have been wrong and I apologized. I take it back. His statement is entirely correct and you were wrong. It really bothered me to think that you were finally right on something.