, 6 tweets, 8 min read Read on Twitter
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.
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.
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.
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
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.
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