Birdwatch Archive

Birdwatch Note Rating

2024-08-16 23:13:43 UTC - NOT_HELPFUL

Rated by Participant: 18D51E52DA8410C521E8935C9338CB045074CBE35D7133A9BA0F25830214914F
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Original Note:

NNN: Proposed CN repeats HarrisHQ's proposal but misses the economic implications: 1. $25k => prices go up due to elasticity. 2. 3mm new houses /tax credits/ Spending $40mn: Reduced tax revenue, increased spending => Deficit => Inflation => Higher prices https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Microeconomics_3e_(OpenStax)/06%3A_Consumer_Choices/6.03%3A_How_Changes_in_Income_and_Prices_Affect_Consumption_Choices

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