The tweet was deleted by the author.
But we saved everything 🙂.
Potential changes to disposable personal income with different deficit levels, Matthew Klein notes
Matthew Klein raises a question about how disposable personal income might have looked under a counterfactual scenario with smaller deficits.
The tweet addresses the potential economic implications of government deficits on the incomes that individuals have available for spending after taxes.
Klein has previously noted that taxing corporate profits, wealth, and high incomes is viewed by some economists as unproductive. In another post, he observed that Kweichow Moutai's market capitalization is slightly higher than a peer but remains mostly state-owned. These observations add context to Klein's ongoing focus on how fiscal policy choices influence income and ownership structures.
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