Paul Krugman

@paulkrugman ↗

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Last Checked April 27, 2021

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Sat Apr 04 13:43:31 +0000 2020

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Paul Krugman @paulkrugman

Suppose, however, that we already have progressive taxes and a safety net — that we have, in effect, made our choice about how much inequality to have — and then disaster strikes. How does this change things? 10/ — PolitiTweet.org

Posted April 4, 2020 Hibernated

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Paul Krugman @paulkrugman

paid for with progressive taxes, because the assurance that you will be able to afford essentials if you end up poor matters much more than how much luxury you’ll be able to afford if you end up rich. 9/ — PolitiTweet.org

Posted April 4, 2020 Hibernated

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Paul Krugman @paulkrugman

Answer: if disasters are followed by a free-for-all, with very high prices for essentials, the stakes of inequality become much higher. Those who can’t afford high prices face extreme privation, even death, while those with sufficient wealth face no more than inconvenience. 11/ — PolitiTweet.org

Posted April 4, 2020 Hibernated