You're just afraid to actually state your expectations about wages and prices because you know that we'll rip your "trying to take both sides of the issue" position to shreds. You are afraid to answer most questions, or put out real thoughts, because you know you can't make sense of the FairTax plan.
What do you think will happen to wages and prices under the FairTax plan? And what will be the effect on the value of the saved after-tax dollar? Simple questions. I've given my answer, now it is your turn.
Boy you're weaving. You gave no such thing. I asked: why, if the instant the FairTax becomes law, we will have upwards of 30% inflation such a fact has been ignored by myriad economists quoted in these discussions? We have seen a couple of references to inflation today buried in some analysis, but nothing addressing the earth shattering predictions by Rob,FG,PhD economist.
If the US had 30 percent inflation the international bond markets would be virtually destroyed overnight. Equity markets would take one look at the exploding interest rates and drop precipitously. The dollar? Who knows? With worldwide financial markets melting down it may be the only safe haven. Gold would go to 2,000 dollars an ounce.
I would think that some economist, somewhere would have addressed this prediction that upwards of 30% inflation in the US would be created overnight. Yet I don't see it. I'm asking you why?