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Ten #MMT tips to remember on #TaxDay:
1. Federal #taxes don't fund federal spending, so let's #decouple these two important tools.
2. Taxes offset #Government spending.
1. Federal #taxes don't fund federal spending, so let's #decouple these two important tools.
2. Taxes offset #Government spending.
3. It's a matter of #logic: #dollars must be spent into existence (by the Gov) first, in order for us to use some of those $ to pay taxes
4. #Taxing for #revenue is for local states/municipalities, not the #sovereign issuer of the #currency.
4. #Taxing for #revenue is for local states/municipalities, not the #sovereign issuer of the #currency.
5. Taxing excessive wealth protects #democracy from #Oligarchy and protects us from abusive market power
6. Taxing #pollution & #speculation to reduce such activities, not to "fund" #healthcare and #education.
6. Taxing #pollution & #speculation to reduce such activities, not to "fund" #healthcare and #education.
7. Federal spending is not revenue constrained, it's #inflation constrained.
8. Inflation is determined by the level of productive capacity and by the power of business to administer prices
8. Inflation is determined by the level of productive capacity and by the power of business to administer prices
9. Take a moment to #LearnMMT and to challenge your elected officials to do the right thing to fight #ClimateChange #Hunger #Homelessness #Poverty #Inequality #Unemployment #Exclusion & #Injustice.
10. Fight for #GreenNewDeal #JobGuarantee #M4A #C4A #Reparations & #Justice for all. It's cheaper, healthier, and better than the current system. The #StatusQuo is unaffordable.
