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Business, 08.07.2020 18:01 yvette2003

Yvette: I think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. Sean: I think a switch from the income tax to a consumption tax would bring growth in living standards. Yvette: You really think households would change their saving behavior enough in response to this to make a difference? Because I don't.

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