In my scenario, prices are nailed to the wall right where they are. An act of congress, as the saying goes, will not budge them. You are claiming that wages must fall. You have the sole authority to set the new wages and you are cutting them. How much?
I thought I was fairly clear, wages must go down by the amount of taxes you pay. If you make $1000 and take home $700, you pay would have to go down to $700. Otherwise businesses would not be able to stay in business at the current prices.
In rereading your prior response you did say that. I apologize.
The reason that I missed it is that I am having so much trouble understanding how you can possibly be right. What you suggest just doesn't sound right.
Can you, for the sake of everyone here, explain in simple terms why wages must fall by an amount equal to the taxes paid for businesses to survive in the brave new world that I envision?