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To: Arthur McGowan
We were not talking about repealing the income tax (which won't ever happen), but what will likely happen when companies stop paying health insurance and dump it on the government.

Wages will fall, because there will be an increase in taxes.

The Fedgov will not allow the 16th amendment to be repealed. It will not starve itself. In fact, I expect more attacks on wealth (401 K's being seized) soon.

57 posted on 07/29/2012 6:30:45 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

As I said, all other things being equal, the elimination of any “benefits” will result in higher wages. Of course, higher taxes will be paid by employees—and consumers.


58 posted on 07/29/2012 2:51:07 PM PDT by Arthur McGowan (In Edward Kennedy's America, federal funding of brothels is a right, not a privilege.)
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