First time poster...
I found this enjoyable to read and informative. However, if this hypothetical was to happen, by how much do you think the Government would raise income taxes? Would households still be better off in the long run with higher income taxes because their disposable income has fundamentally increased due to a lower cost of goods? It all comes down to what policies the Government implements, and if we could all see the future and know this ahead of time we'd all be rich people...
Online Woollies Selectors, page-78
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