Posted on 04/16/2003 7:28:39 AM PDT by George Frm Br00klyn Park
This is unrelated to your claim.
How is this gonna effect labor prices? Will employers still be forced to pay laborers at the same rate or will they have to take a paycut to match the taxes they are no longer paying. Will labor unions allow this? If labor costs are not reduced, how can these non-existant savings be passed to customers?
Using your logic if there are enough suppliers we can get it to 100% and beyond.
A 20% reduction by 5 suppliers is still only a 20% reduction...not 100%.
This is unrelated to your claim.
Don't try to weasel out, it's related to your claim of price reductions.
This is not the question. The question was whether or not it could Affect price of product.
Nope. I never said savings were cumulative. I said savings from elimination of income tax will be experienced at all levels of production. Nothing more.
Making stuff up again, huh?
Nope, just caught you in another lie.
Nope. I never said savings were cumulative.
. Don't "forget" that ALL suppliers have also experienced an elimination of THEIR income taxes too.
So?
Steaming pile alert....
Once again with your empty wholesale comments. Prove me wrong.
Godgov WILL KNOW everybody's income and expenditures with either system.
With the NRST no person is required to report their income to the government. With the flat income tax every person is required to report their income to the government. I expect from here on forward that you will not make the the same error.
Do any of you really think{?} that those making millions of dollars to encourage lawmaker, and lawmakers themselves, while sitting in their dens drinking scotch, bourbon, cognac, brandy, or their favorite wine will have as much incentive to keep the NRST rate low as does Joe and Jane "Sixpack" who spend their every dollar just to get by?
I didn't respond the first time you wrote that. I wanted to see if you'd think first before posting it again. Anyways, when it comes to number of votes Joe and Jane "Sixpack" out number the wealthy millionaires fifty to one. Joe and Jane "Sixpack" are the ones that have the incentive to keep the NRST rate low and the massive number of votes to ensure that it does remain low. Compared to the small percentage of millionaires, the huge percentage of Joe and Jane "Sixpack" have an overwhelming say in which politician will win the election. Joe and Jane "Sixpack" have the incentive and the overwhelming majority of the vote. That is so glaringly obvious that I'm flabbergasted that you would even entertain the thought of making the argument you did. Oh well, as I said in another post to you: "It makes no difference to me how you chose to present yourself -- it's your credibility, not mine."
Z, When you leave your vision of libertarian utopia, I might understand your reasoning and writing.
I'm not a libertarian. My foundation is fully integrated honesty.
When most people are "given" incentives to do as you say business will do, most generally those businesses will collectively raise their prices and tell consumers, "You are getting a good deal. We didn't have to raise prices to you."
You're a real hoot. You claim that when all the business making the same generic product all get a 25% cost reduction that they'll chose to collectively raise their prices rather than competitively lower them. Free competition is about the furthest thing from collectivism. You really are a hoot!
A prime example is the medical field when medicare and insurance paid "costs". The same thing with our steel industries. The same thing with shipbuilding. Those who did lower their prices, were not able to invest in their businesses, and soon became un-competitive, lost customers, and finally the business itself.
For the third time, all companies making the same generic product will see a 25% cost reduction. The playing field is just as level after the NRST goes into effect as was prior to it being implemmented.
Human nature hasn't reached your level of understanding just yet.
You are but one lone human example that has demonstrated the lack of understanding. That is, if not as I suspect, you are merely feigning the inability to not comprehend.
Social engineering to achieve that have been abject failures, and will be for the unforseeable future, including the social engineering so proudly written of by the proponents of the NRST.
The flat income tax and the graduated income tax have their roots in the second plank of the communist manifesto. The NRST has it's roots in taxing each person's purchases at the same rate -- equality.
OK, avoid the question. But unless labor is willing to cut their wages due to their savings in taxes, prices on goods will not fall that much. I guess you just think these things will magically happen.....
Yeah, without all that extra to grease the machinery of their buddies back home, they have nothing to found their pursuit of power on. No gravy, no gravy train. Too bad presidents can only serve two terms.
The national sales tax will favor cheaper imports over more expensive home grown items...
Again, you have it exactly backwards. In fact, home grown items will enjoy a tremendous benefit under an nrst.
1) home-grown items' prices could be reduced by 25% due to the elimination of all income taxes and 95% of compliance costs - and will be exported WITHOUT the sales tax added onto the price
2) imports will have the 23% tax added onto the price when sold here
So you have it wrong.
So how all your supposive savings gets passed on to the consumer is not part of this discussion? OK, I am sorry. Obviously exposing the smoke and mirrors is off limits. I understand perfectly.
ANother invalid conclusion based on biased thought.
Of course the discussion of tax savings getting passed on to consumers in the form of lower prices, passed on to workers in the form of higher wages, and passed on to investors in the form of inproved ROI is germane to the general discussion of the benefits of the national retail sales tax!
That is not where you jumped in.
If you want to discuss the benefits (lower prices, higher wages, and improved ROI), let's go.
I'll start... I assert that all of these benefits will occur:
1) lower prices
2) higher wages
3) improved ROI
Indeed I further assert that 100% of the savings realized by eliminating ALL income and payroll taxes WILL be found in one of those categories.
Bring it on.
LOL. If wages are higher how do prices go lower? Again, unless employees are willing to accept lower wages to match the taxes they are savings, the prices of goods will not be that much lower, at least not enought to match the added sales tax. You are trying to count benefits on both ends.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.