Episode 605 • • 1:40:26 - 1:42:16
605: "Biostitutes"
Japan Sales Tax Increase and Global Deflation
Japan has increased its sales tax from 5% to 8% for the first time in 17 years, a move by Prime Minister Shinzo Abe to combat deflation. The hosts question the wisdom of raising taxes during a "worldwide depression" and compare Japan's rates to the 20% sales tax in France.