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Why The Government Has Infinite Money
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this post was submitted on 22 Sep 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
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- All workers must be paid a living wage for their labor.
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This other video at 29:43 also blew my mind, I just never thought about tax in that way, and it's embarrassing.
Summary for the video-impaired?
Basic mmt with a socialist touch.
Debt just means that the government decides to make something happen. It is neither inherently good or bad. It depends on the context. The biggest opponents are capitalist who want to stop good things from happening as this will reduce their profit. E. G. : more public housing would destroy the business case of landlords.
Amazing summary, and I'm glad you mentioned landlords. I am having such a struggle lately when people tell me about their 'side hustle' as a landlord, and how they make so much passive income. I just wanna scream "so you feel good about making money doing basically nothing while there are so many people unsheltered, and living paycheck to paycheck?".
It’s hard to have true empathy for something you have no real concept of.
Capitalists absolutely love government debt, because it provides a vehicle for safe investment.
They bellyache about debt to bolster the austerity narrative that they use against public spending supporting working class interests.