Not true as stated. Net price decreases due to elimination of taxes throughout the “food chain” of a product could ultimately reduce the price of products and services to such an extent it could lead to a increase in buying power. In addition to that the elimination of many of the taxes for businesses would logically lead to increase production thus increased availability and again potential price reductions. No case can be made for price increases when all facets of the plan are implemented.
While I was born at night, I wasn’t born last last night. This will not pan out as you have stated.