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@ewarren It doesn't reduce aggregate demand so it doesn't add any fiscal space... :(
@ewarren So it doesn't at all address the real issue- excess consumption by 'the rich' (or anyone else), and, in fact is a useful distraction for 'the rich' that works to delay resolution of this real issue. :(
@ewarren We can gain $trillions per year of fiscal space by eliminating most of the parasitic financial sector by deleting the supportive institutional structure that created it. Not mention how Medicare for all likewise cuts $1 trillion in real costs.
@ewarren And these two actions alone remove $trillions of 'billionaire creating' income. This addresses that issue at source, before the $s are created, rather than trying to remove those $ after they're paid.
@ewarren And the campaign finance proposal to direct, for example, 40% of any contribution to the opposition (modified for multi candidate elections as many states do) immediately and dramatically reduces billionaire political influence.
