Why do politicians and the elite peddle “sticker shock” at social programs ““ like a New Deal ““ yet not the same “sticker shock” at our bloated military costs?
This analysis of the pathophysiology of the taxation system informs the four taxation proposals presented here, which are crafted on the observed mechanics of the US monetary system as described in MMT.
People often dismiss economic conversations assuming they understand the basics. The government collects taxes, spends that money and then some, causing deficits. Then, the Government borrows money to cover the deficit…