Re: OT: Civil War in Iraq

On 13 Aug 2006 07:37:24 -0700, rantonrave@xxxxxxxx wrote:


Scott in Florida wrote:
On 11 Aug 2006 12:59:42 -0700, rantonrave@xxxxxxxx wrote:

Read about the Fair Tax

quoted from the FAQ

How does the plan affect economic growth? With the penalty for working
harder and producing more removed, Americans are free to keep every
dollar they earn, and a new era of economic growth and job creation is
unleashed. Hidden taxes are history, Americans are able to save more,
and businesses invest more. Capital formation, the real source of job
creation and innovation, is facilitated. Gross domestic product (GDP)
increases by an estimated 10.5 percent in the first year alone. The
FairTax as proposed raises the economy's capital stock by 42 percent,
its labor supply by four percent, its output by 12 percent, and its
real wage rate by eight percent.

I work for a company that derives most of its revenue by advising
manufacturers how to be more efficient, and we've seen the drain of
manufacturing jobs and know they won't return. What you've quoted
about this tax program is simply nonsense based on econometric models
that make wildly unrealistic assumptions, and if you had any sense at
all for the numbers, you should have instantly been tipped off by the
claim for a 1-year growth rate of 10.5%.

Go read about the Fair Tax and read the book....and get back to me...

I don't have to because the source of contention isn't the book but
your claim that GDP will increase 10.5% in 1 year, a ridiculous number
because real U.S. GDP hasn't grown that fast in several decades,
probably not since the end of WWII. 10.5%/year real GDP growth is a
Chinese or 1960s Japanese number.

I would not want you to be educated....but it is real...

It's not real, Scott but just a bunch of unproven predictions, and
predictions should always be viewed skeptically, especially the
extraordinary ones, as these are. The U.S. economy has a historical
growth real rate of 2-4% a year, and nothing has been able to change
that significantly and it's unlikely anything ever will.

The Fair Tax will......



--

Scott in Florida

'The Land of the Free because of the Brave'
.

Relevant Pages

  • Re: OT: Civil War in Iraq
    ... and a new era of economic growth and job creation is ... Hidden taxes are history, Americans are able to save more, ... Gross domestic product (GDP) ... claim for a 1-year growth rate of 10.5%. ...
    (alt.autos.toyota)
  • Re: OT: Civil War in Iraq
    ... and a new era of economic growth and job creation is ... Hidden taxes are history, Americans are able to save more, ... Gross domestic product (GDP) ... claim for a 1-year growth rate of 10.5%. ...
    (alt.autos.toyota)
  • Re: OT: Civil War in Iraq
    ... How does the plan affect economic growth? ... and a new era of economic growth and job creation is ... Hidden taxes are history, Americans are able to save more, ... Gross domestic product (GDP) ...
    (alt.autos.toyota)
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