Thread: Buffett rule
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Old 04-19-2012, 10:35 AM
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BlueStreak BlueStreak is offline
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Quote:
Originally Posted by JJIII View Post
The embedded taxes would disappear on products, lowering the prices. The merchants would be compelled by market forces to lower their prices as well. The Fair tax would then be added at time of purchase. The net change would be very small.
That's the part I don't buy.

The embedded taxes may disappear, but will those savings really be passed onto the consumer, or would that money simply end up in the pockets of business owners and stockholders?
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Last edited by BlueStreak; 04-19-2012 at 10:38 AM.
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