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@ProudSocialist Now this is the type of discussion we need. We need to agree on a different framework/system for change. I say the left starts by supporting and educating about MMT, so ppl can understand how the monetary system works and how capitalism exploits it. We start there.

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about 2 years ago

@Women2Dc I think you would like this research Alethea. This battle has been ongoing since the beginning of this country. activistmmt.libsyn.com/ep12-12-camill…

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about 2 years ago

@Hisalik @RoKhanna No. You might be surprised to know that the money we earn to pay taxes originally comes from gov spending that circulates into the economy. When we pay taxes, that money is cancelled out in gov accounting. Taxes are collected for many reasons, but mainly to control inflation.

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about 2 years ago

@RoKhanna Fixed it for you. Taxes don't pay for anything at the federal level. James Galbraith: "Governments create money by spending and extinguish it via taxation." japantimes.co.jp/opinion/2019/0… pic.twitter.com/P04IEnVbWM

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about 2 years ago

@bellsnwhistles @ChurchAndStateN @RBReich They may pay a higher income rate, but like the U.S., England has a sovereign currency which means its gov doesn’t use taxes to pay for spending. Both governments can pay for universal health care, like they pay for the military.Only states use tax revenue to pay for spending.

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about 2 years ago

“Manchin’ s reasons for opposing this legislation are complete BS.” ~House Budget Committee Chairman, @RepJohnYarmuth twitter.com/repjohnyarmuth…

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about 2 years ago