it’s weird to be both blasé about inequality and concerned about the deficit.
the more concentrated are flows of aggregate income, the more the state has to supplement flows to those left out of the concentration.
to the degree aggregate income is bounded (arguably not the case!), after-tax inequality *causes* deficit spending under a plausible political economy.
Steve Randy Waldman /
npub1tr…k50gh
2023-12-07 05:22:05
Author Public Key
npub1tr4uqcj2yj9kcxslk04pkxl8mtzgsreg79gy5dglmuzxgtcxzevs4k50ghPublished at
2023-12-07 05:22:05Event JSON
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