Debunking deficit myths (with Stephanie Kelton)
Pitchfork Economics with Nick Hanauer
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The Tax Cuts Passed, but Where Are We Now?
The tax cuts were structured in such a way that 83% of the benefits on the personal income tax side went to folks in the top 1% of the income distribution. The marginal propensity to spend out of that additional income for folks at the very top is quite low, he says. "We basically moved money into the bank accounts of big corporations and rich people"
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