Any time there is an MMT post, the comments are dominated by conspiracy theorists, haters of government, goldbugs, and victims of alien probings who are certain that MMT-ers are united in their effort to ramp up government until it consumes the entire economy.
Once we understand what taxes are “for”, we can start to think about what kinds of taxes make sense.
A summary of Bernie’s 2016 plan with a Randy Wray MMT twist.
The monetary system provides the power to do good, and the power to do bad is the other side of the coin.
A government deficit will result if the nongovernment sector has a surplus—a perfectly sustainable balance.
If there’s no inflation danger, there is no point in taxing the rich before keystroking the poor.
Wherever this flag’s flown, We take care of our own. 🎵 Progressives need a new meme for money. This series is addressed to them.
Let us continue to develop an alternative frame for money. As you know, MMT says that “taxes drive money”. Let’s develop that further.
It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.