If we tax the chickens, the wealthiest will have to sell some of the chickens to pay the tax, and then chickens will circulate down through the economy as well as up - circulation not redistribution is the idea
The insight of MMT is that governments get what they have by purchasing it from productive people - and purchasing it using money they just print out of thin air. (The point is not to print too much!)
Do governments make bad decisions - yes. Do they misuse tax incentives and muck up hugely. Yes. But to be fair you should see how bad it is inside fortune 500s and boy some of those start ups are an embarrassment.
Don’t call for the “private sector is great and should take over every branch of government” shtick. That’s the weather app theory of extracting public money for profit. Focus on how to make all organisations more effective
>The point is not to print too much!
It may be possible for this to continue an indefinite amount of time, just like counterfeiting. It is almost exactly state-sponsored counterfeiting.
>But to be fair you should see how bad it is inside fortune 500s and boy some of those start ups are an embarrassment.
This waste is greatly exacerbated by artificial credit bubbles created by MMT shysters. They even got academia thinking this is a good idea, probably by paying them off in freshly printed notes.
>Don’t call for the “private sector is great and should take over every branch of government” shtick.
I would never suggest such a thing. But letting the state spend theoretically unlimited money, and thus pick winners and losers in a "free market" is just bad policy.
