We don’t need to tax the wealthy to fund the federal government. We do it to destroy their power.
The federal government is the source of the money, printed ex nihilo (if you think the federal reserve is independent, ask yourself who gave them their charter and who can revoke it). Why would it need someone else’s money to function?
I’d highly recommend reading any of the MMT literature so you have an understanding of this.
The left needs to stop fighting in the neoclassical economic framework of the right and re-lens things into reality and away from that deluded ideology.
We don’t need to tax the wealthy to fund the federal government. We do it to destroy their power.
The federal government is the source of the money, printed ex nihilo (if you think the federal reserve is independent, ask yourself who gave them their charter and who can revoke it). Why would it need someone else’s money to function?
I’d highly recommend reading any of the MMT literature so you have an understanding of this.
The left needs to stop fighting in the neoclassical economic framework of the right and re-lens things into reality and away from that deluded ideology.
Love to see this type of left wing movement!