(https://twitter.com/wbmosler/status/1089230669325189121)
erabiltzaileri erantzuten @ButterNOGuns @StephanieKelton erabiltzaileari eta
erabiltzaileri erantzuten
Not to forget the risk that Agent Orange gets China to spend its $ and use up our fiscal space. 🙁
Honi erantzuten: @MonetaryWonk
State currencies are tax credits.
Hauei erantzuten: @ptcherneva @stf18
Unfortunately we’ve let it go to the point we’re likely to be paying for both (in real terms).
The ultra-rich have rigged our economy & rigged our tax rules. We need structural change. That’s why I’m proposing something brand-new: An annual wealth tax on the tippy-top 0.1%. We’d get $3 trillion in new revenue to invest in rebuilding the middle-class. Let’s make it happen.
It doesn’t reduce aggregate demand so it doesn’t add any fiscal space… 🙁
So it doesn’t at all address the real issue– excess consumption by ‘the rich’ (or anyone else), and, in fact is a useful distraction for ‘the rich’ that works to delay resolution of this real issue. 🙁
So how do you stop the elite spending WbM? I can’t see inflation having much impact on the 1% ? How else would you suggest rebalancing, other than taxing top rate only. And increasing infrastructure projects (spending) not that one is necessary for the other? Interest rate rise?
Hauei erantzuten: @PaulORourke_LFC @ewarren
Permanent 0% rate policy as positive rates are ‘basic income’ for those who already have money, and the govt. bond trading industry goes away, eliminating that source of billionaire income. And much more. It is current, reversible, govt. policy that’s created what we have.
We can gain $trillions per year of fiscal space by eliminating most of the parasitic financial sector by deleting the supportive institutional structure that created it. Not mention how Medicare for all likewise cuts $1 trillion in real costs.
Hauei erantzuten: @wbmosler @ewarren
And the campaign finance proposal to direct, for example, 40% of any contribution to the opposition (modified for multi candidate elections as many states do) immediately and dramatically reduces billionaire political influence.
Hauei erantzuten: @wbmosler @ewarren
And these two actions alone remove $trillions of ‘billionaire creating’ income. This addresses that issue at source, before the $s are created, rather than trying to remove those $ after they’re paid.
Hauei erantzuten: @wbmosler @ewarren
We can gain $trillions per year of fiscal space by eliminating most of the parasitic financial sector by deleting the supportive institutional structure that created it. Not mention how Medicare for all likewise cuts $1 trillion in real costs.
Hauei erantzuten: @lasuac @ewarren
Yes, when she says the money can be used to pay for something. She could have said it was entirely a matter of social equity if she meant otherwise.
(https://twitter.com/ecb/status/1088497092883087361)
Watch again: Draghi on the instruments the ECB stands ready to use if necessary
Hauei erantzuten: @ecb @millermusing
Long list of placebos… 😉
(Amerikar trilioi bat = Europar bilioi bat)
