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The Water Cooler
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Fair Tax questions
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<blockquote data-quote="Fatboy Joe" data-source="post: 1951308" data-attributes="member: 13212"><p>A fair tax I think would devistate the economy including slowing production, which would cost jobs and increase even more importing.</p><p></p><p>A consumables tax would cause people to consume less or purchase used goods decreasing the demand for new goods. The lower demand would push supply up which in turn lowers sales price and lowers profits. How do you get those profits back? Reduce the manufacturing costs by having 10 year olds in the Bangladesh make it.</p></blockquote><p></p>
[QUOTE="Fatboy Joe, post: 1951308, member: 13212"] A fair tax I think would devistate the economy including slowing production, which would cost jobs and increase even more importing. A consumables tax would cause people to consume less or purchase used goods decreasing the demand for new goods. The lower demand would push supply up which in turn lowers sales price and lowers profits. How do you get those profits back? Reduce the manufacturing costs by having 10 year olds in the Bangladesh make it. [/QUOTE]
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