GINNY: I think itâs safe to say that, in general, the savings rate of households in todayâs economy is much lower than it really needs to be to sustain an improvement in living …

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asked Oct 15, 2021 135k views

GINNY: I think itâs safe to say that, in general, the savings rate of households in todayâs economy is much lower than it really needs to be to sustain an improvement in living standards. ERIC: I think a switch from the income tax to a consumption tax would raise living standards. GINNY: You really think households would change their saving behavior enough in response to a consumption tax to make a difference? Because I donât, and I donât see enough evidence to support your claim. The disagreement between these economists is most likely due to . Despite their differences, with which proposition are two economists chosen at random most likely to agree? Taxing polluters is one of the best ways to protect the environment. Rent controls will only add value to housing in a city. The erection of tariffs and quotas are preferable to free trade.