Taxes
Short poem on taxes and MMT. Learn the truth!
The only constraint on spending by the US federal government is resources. Or, as Dr. Stephanie (Bell) Kelton puts it, the federal government can buy every American a pony, if we breed enough ponies.
Give a man kale, and he will eat for a day. Give a man a job growing kale, and he will eat for a lifetime.
Tamny bandies about the discussion of resources as if MMT did not recognize the importance of the productive capacity of a nation. MMT clearly asserts that the real constraints of our economy are based on real resources.
This is the real joke thats not funny. MMT is no joke – but how it is currently being abused is.A progressive application of MMT (again, not MMT itself) merely seeks to shift that ‘socialism’ MLK mentioned away from imperialist behavior and toward our own countrypeople.
Some kind of uprising is inevitable in the United States, and the coming economic crash could be the catalyst. We need to channel this unrest into a nonviolent direction which focuses on dismantling the capitalist apparatus.
The movement of the Yellow Vests in Italy has officially adopted an MMT program.
Having a FJG waiting in the wings for people who are impacted by any of these disruptions in our economy, however well-intended, is crucial.