Though I support the government’s ability to offset private sector deleveraging with budget deficits, I find it troubling that more specifics on the distribution of funds and current tax laws are often omitted from the discussion.Bubbles and Busts
Furthering the Post-Keynesian View of Wealth and Income Concentration
Joshua Wojnilower
Michael Hudson has been addressing this for some time and recommends taxing away economic rent — land rent, monopoly rent and financial rent — while leaving gains from productive contribution alone.
