No lies? Just a little $1.3 trillion misrepresentation. According to fair taxers for the last 7 years, 'embedded taxes' did not include taxes paid by individuals. Wages would not have to be cut in order to see a 20-30% price reduction. Well after some arm twisting, Boortz finally admitted that was not the case. To see a 20-30% reduction in prices, employees would have to take wage cuts. A fact that you could not get from 100 readings of Boortz Book and the fair tax website and other various propaganda they put out.
Thank you for saying wage that time. Do you agree there would be a 20%-30% reduction in prices if employee wages were cut?
Thats right! NO lies! NONE! not a single one!
Just a little $1.3 trillion misrepresentation. According to fair taxers for the last 7 years, 'embedded taxes' did not include taxes paid by individuals. Wages would not have to be cut in order to see a 20-30% price reduction. Well after some arm twisting, Boortz finally admitted that was not the case. To see a 20-30% reduction in prices, employees would have to take wage cuts. A fact that you could not get from 100 readings of Boortz Book and the fair tax website and other various propaganda they put out.
Just because YOU are fixated on the TAXES alone does not mean that there are not other costs imposed on the economy by the income tax system. There ARE many such costs, most of which would disappear with the implementation of the Fairtax, and allow for the price drops alluded to by fairtaxers although they would not be immediate (something no fairtaxer has ever claimed to my knowledge).
The ONLY mistake (not a lie) in the book is citing only one source for the price drop claims when there are certainly others such as James L. Payne's COSTLY RETURNS The Burdens of the U. S. Tax System
There are no mechanisms in current law, and certainly there isn't one in the FairTax bill, which would allow employeers to keep what hat previously been deductions from their employees pay. That being the case, everyone WILL receive their entire paycheck under the Fairtax and prices WILL drop, over time (a year to 18 months max), so that the shelf prices of goods and services produced in this country won't, on average, be much differient with the sales tax included than they were under the income tax!