Comment on There's no money for education and health care but they'll always find some for war.
rockSlayer@lemmy.world 11 months ago
It’s not mystery money, it’s Modern Monetary Theory. Republicans are invested in hiding that fact that we can afford to do all the good stuff and fund the military at the same time
starbreaker@kbin.social 11 months ago
And if putting "too much" fiat currency into circulation is a real problem, then tax the shit out of the rich. Republicans under Eisenhower were OK with that in the 1950s. If that's unpalatable, why can't we tax corporate revenue instead of profit? It's not like I only pay taxes on what's left over after I've paid all my bills (though there is a standard deduction for individuals).
PopOfAfrica@lemmy.world 11 months ago
I heard a very good theory on how to combat inflation.
You collect an increased tax amount from the wealthy and hold on to that money, effectively taking it out of circulation, and over the course of the next 10 or 20 years you trickle it out into public services.
Boom, suddenly you took money out of circulation and helped people at the same time.
starbreaker@kbin.social 11 months ago
Reminds me of something Will Rogers wrote about Herbert Hoover:
EatYouWell@lemmy.world 11 months ago
That’s how trickle down economics should actually work.