Question: When you say that the "consumption share of GDP fell 3%" does this include the tax increase? What I'm asking... if you count the tax at 10% -- the money coming from the buyers could go up from 1x to 1.07x, but the money going to the sellers goes from 1x to 0.97x.
Thus the amount of spending has risen while the money to retailers has fallen (the balance going for taxes).
Question: When you say that the "consumption share of GDP fell 3%" does this include the tax increase? What I'm asking... if you count the tax at 10% -- the money coming from the buyers could go up from 1x to 1.07x, but the money going to the sellers goes from 1x to 0.97x.
Thus the amount of spending has risen while the money to retailers has fallen (the balance going for taxes).