Vic, >VB. The Compensated Price mechanism which allocates an amount for the > purpose of reimbursing the retailer (the opposite of the retailer adding on > VAT or GST) who has reduced his price by a given nominated percentage
Thanks, Vic. That explains somethings. It can piggy-back on the existing VAT system. However, the question still remains --- somewhere the tax-collection system has to compensate the exchequer in order to balance the books. If the Douglases National Credit Office rakes off the "Just Price" windfall from companies before the tax calculation, the exchequer loses tax, and if the amount is taken after tax, it amounts to double taxation. That could not be acceptable. There are really no free breakfasts; the taxpayers have to finance any government (or pseudo-government-agency) handouts no matter what they are termed. I just don't see it. You wrote further: "I am attaching a couple of excerpts via separate messages." I did not receive any attachments -- I think the List is set up to not accept attachments for fear of viruses? Could you send the attachments to me at my address -- <[EMAIL PROTECTED]> ? Thanks Jessop. ------------------------ On Sunday 02 February 2003 03:41, you wrote: > Message 1. > I have interspersed my comments after each of your questions. > ----- Original Message ----- > From: "Jessop Sutton" <[EMAIL PROTECTED]> > To: <[EMAIL PROTECTED]> > Sent: Saturday, February 01, 2003 10:21 PM > Subject: Re: [SOCIAL CREDIT] effective demand > > On Saturday 01 February 2003 07:10, you wrote: > > Vic Bridger says: Confusion is entering with the use of "falling prices". > > The reduction of a price by the application of the Compensated Price > > means that the price of a particular item is reduced and therefore > > purchasing power is increased. Both the statements by Michael and Bill > > contain the truth. It does not infer that with the application of the > > Compensated > > Price > > > there would be a general falling of prices. However falling prices do > > mean that the consumer can receive the benefit of improved process and it > > also means that the effective price to the consumer is falling. > > ------------------------------------ ==^^=============================================================== This email was sent to: archive@mail-archive.com EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html ==^^===============================================================
