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What could be wrong with a Fiscal Deficit*
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Jul 27th 2020, Prabhat Patnaik
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Fiscal
deficit puts wealth into the hands of capitalists without
their doing anything to earn it, thus raising wealth
inequalities in the economy. Government spending needs
to be financed by a tax on the rich, such as a wealth
tax or a profit tax.
*
This article was originally published in People's
Democracy on July 26,
2020.
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