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   Steve Randy Waldman (interfluidity@zirk.us)'s status on Wednesday, 09-Apr-2025 08:59:19 JST Steve Randy Waldman

   in reply to

   (Traditionally, it's deficit spending that's considered stimulus. But taxing the very wealthy affects overall demand almost not at all, while government spending still stimulates demand. Investment spending is a function of anticipated consumer demand much more than rich-person wealth.) /fin

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     Steve Randy Waldman (interfluidity@zirk.us)'s status on Wednesday, 09-Apr-2025 08:59:20 JST Steve Randy Waldman

     If Trump remains obstinately on this course, a US recession (at the very least) is certain. Whether the recession is global depends whether rest-of-world big economies can get over either their austerity fetish or their unwillingness to seriously tax the very rich. 1/

     GreenSkyOverMe (Monika) repeated this.