Voters are choosing the Democrats and rejecting Zucman-style wealth confiscation.

Drawn from what Noah Smith said

What these subjects mean

fiscal policy The spending-and-taxing half of macro, as against the central-bank half: multipliers, stabilisers, stimulus.

democracy Elections, the losers accepting them, and the rules that keep power answerable to voters.

What Noah Smith actually said

Do you hold this korrent?Do you also believe this?

Shared subject first, then similar wording. They may agree or disagree.