Abstract
During his campaign, Trump proposed a combination of tax cuts and infrastructure spending. But demography, technology, the financial structure and eventually, energy markets and climate change all place limits on the effectiveness of a stimulus program. The progressive alternative to an economic program of reckless stimulus and real-estate capital gains is a program of full employment, fair wages, and broad investment in social, cultural, and environmental needs, backed by taxes that fall directly on rents, monopoly profits, and on inheritances, thus directly dismantling the dynastic oligarchy that has been running the United States, through both parties, since 1981.
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