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42 sats \ 2 replies \ @grayruby 14 Jun 2024 \ on: Trump proposes to eliminate income tax, replace with tariffs econ
Labour participation rate would go through the roof.
Interestingly, it's not clear what that relationship is. Income taxes make people work more to achieve the same standard of living.
If abolished people may opt to work slightly less, have a slightly higher standard of living, and enjoy more leisure time. (That's the leisure is a normal good scenario)
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And saving rate
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