Birdwatch Note Rating
2024-05-19 08:14:16 UTC - NOT_HELPFUL
Rated by Participant: 57E433BC108CDAE624020D0F75FC5F2E6DD4D9A7A10105C5CE9E23D72CCAFF33
Participant Details
Original Note:
While collecting tax totalling these values from the wealthiest may well nominally provide enough money to pay for those suggested public services, their Marginal Propensity to Consume (MPC) is substantially lower than average. Inflation could be a result. https://www.bostonfed.org/publications/research-department-working-paper/2019/estimating-the-marginal-propensity-to-consume-using-the-distributions-income-consumption-wealth.aspx#:~:text=The%20marginal%20propensity%20to%20consume%20(MPC)%20is%20lower%20at%20the,it%20is%20for%20wealthy%20households.
All Note Details