Discover and read the best of Twitter Threads about #TaxToSpend

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I was thinking about this earlier. The problem with getting people to see the realities on #MMT is this fundamental question’ “How are you going to pay for it?”
It’s a question that used to trip up anyone proposing a progressive manifesto such as #Corbyn in 2017 & 19. It’s a
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question that’s laced with an unspoken caveat “because don’t expect us to be happy to cough up bigger taxes”. Tie this in with ‘repaying the deficit’ myth, it’s the perfect storm to derail in most people’s minds a concept like #MMT . We’re bought up to believe that nothing is
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free so the concept of #MMT that anything purchased in the countries own sovereign currency is only limited by physical resources is difficult to believe.
It’s not that we don’t pay for it folks, we just don’t pay quite like they tell you. We spend then tax, not #TaxToSpend
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