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Consumer Producer Relations

Has the Consumer Finally Defeated the Worker?

Jacques Attali | Posted 10.28.2014 | World
Jacques Attali

Our elected representatives would rather upset those who come back from the office or the factory than those returning from the supermarket. The person elected chooses to encourage the lowering of product prices because that appeals to the consumer, even though this decrease favors imports and hurts local workers. The elected official chooses to increase taxes on work and to lower taxes on consumption: more income tax and less value added tax.