MMT is redistributive.
Fergus Hodgson 19, founding editor in chief of the PanAm Post and is the founder and director of Econ Americas, research associate for the Frontier Centre in Canada, a columnist for the Epoch Times, and managing editor of the Impunity Observer, “Modern Monetary Theory: A Fairy Tale for Social Engineers,” Frontier Centre for Public Policy, 8/12/19, https://fcpp.org/2019/08/12/modern-monetary-theory-a-fairy-tale-for-social-engineers/
Limited fiscal and monetary expansion might be acceptable during crises when unemployment is high and output is low. In the United States, however, the economy is growing faster than expected and unemployment is below 4 per cent. A boost in federal spending would neither stimulate nor stabilize GDP. It would only divert labour and capital to the government’s hand-picked winners, as Steve Ambler from the C.D. Howe Institute points out. That is exactly what MMT proponents want and is why its most vocal supporters endorse the GND, Medicare for All, and other programs that require massive fiscal redistribution.