Here's the whole post I made, answering my own question.
"How do you figure a 20% decrease in retail prices? The "hidden" padding companies charge to offset the cost of dealing with income taxes? What makes you think they will remove that from their base prices? If an NRST is implimented, people will expect a 30% increase of the prices they're currently paying. Surely you have noticed informal collusion in many industries to keep a price at a certain level. Maybe a law that they have to lower prices? Hee. "
I don't spend hours on a partisam site the link for which took you seconds to post. If you understand the issue, argue it yourself. Those who post links like that usually are enchanted with the vision in their minds of what they've been told about a topic, but don't understand the nuts and bolts, don't want to understand the nuts and bolts because a flaw would pop the baloon. Sort of like avoiding a medical physical because one is afraid of bad news.
I answered the point about the "hidden" taxes. If the website has a different argument, post it and defend it.
I don't spend hours on a partisam site the link for which took you seconds to post. If you understand the issue, argue it yourself.
You're in the small minority and I have no need or desire to educate "heathens". That you don't want to educate yourself fine -- so be it. Any reader that wants to can learn at Americans for Fair Tax on the fairtax.org. Web site.
You wrote:
"How do you figure a 20% decrease in retail prices? The "hidden" padding companies charge to offset the cost of dealing with income taxes? What makes you think they will remove that from their base prices? One word... COMPETITION! When Ford drops the price of their cars, GMC will follow (or sit by and watch their share-of-market shrink big-time).
When the car manufacturer (and dealer) can make the same amount of dollar profit after dropping their prices upon enactment of the FairTax, they will do it.
Dr. Jorgenson (Harvard Business School) determined that 20%-30% of the price of a product was the amount 'hidden' therein to cover the producer's Income Tax (and compliance costs).
When Ford drops their price, if GMC doesn't follow suit they will suffer a big drop in their share-of-market and Share-Of-Market is the ALTAR at which big-time, hard-goods sellers worship.
I spent 36 years in that game. Competition rules!
Cliff Cofer - State Director, AFFT Volunteer Iowa Team
* * Bye, bye... Income Tax (and IRS)! We won't miss ya' at all! * *