Dude’s an ultra
Bonus: https://nitter.net/uncle_authority/status/1721967810241335347#m
I guess the Deprogram guys are the Three Stooges now? But the joke doesn’t really work
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Dude’s an ultra
Bonus: https://nitter.net/uncle_authority/status/1721967810241335347#m
I guess the Deprogram guys are the Three Stooges now? But the joke doesn’t really work
The reason citizens paid little tax was because the government got most of its funding from SOE profit. It has nothing to do with MMT.
This makes no sense under fiat monetary sovereignty. The government never makes a “profit” or a “loss” in any meaningful way (in its own currency).
It would be closer to the truth to see it as the government 1) never having any money at all, and 2) having the power to distribute to others arbitrarily large amounts of money and 3) having the power to destroy arbitrarily large amounts of that distributed money through taxation.