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Arpit Gupta: High deficits and interest rates not leading to calls for fiscal tightening
Arpit Gupta questions why policymakers are not backing measures to cut spending or increase taxes, despite the current combination of high deficits and elevated interest rates.
He suggests that such fiscal actions could help reduce crowding out in the private sector.
Gupta has previously weighed in on tax policy issues, proposing a token tax to differentiate between tasks that augment or replace human labor in crypto systems. Related debates about fairness have also emerged in New York City’s property tax system, including criticism over abatements and expense caps, according to industry analysis by Market Urbanism. The recent remarks extend Gupta’s focus on government measures affecting fiscal and labor outcomes.
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