“So their fiscal situations in some cases, if you look at…” — Cato Audio at 1:06:41
“So their fiscal situations in some cases, if you look at Germany and Sweden, are more stable than, say, Italy or Portugal, for example. But the way that they achieve that stability is that they have massive tax burdens on middle-income and lower-income workers, primarily in the form of, yes, higher marginal income…”
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