This is your daily reminder that cash is not a real resource. It isn't food. It isn't healthcare. It isn't shelter. It isn't education. It isn't a Green New Deal nor is it Universal Childcare. It isn't a job with benefits. It's tokens that do not guarantee you a thing. Nothing.
This is your daily reminder that if prices rise and all you have is cash, you lose. This is your daily reminder that you have to know how to find the best deals, know how to handle your $$ without any power to influence capital. This is your daily reminder that cash isn't wealth.
This is your daily reminder that the robots are not coming to take away care work. This is your daily reminder that automation isn't enriching your local community and providing care for your children. This is your daily reminder of what the arts are and culture.
This is a wake up call that our government can provide an excellent job to all if need be to serve your local community. With decent wages and work life balance. Being part of the community and reviving local democracy. To empower a union of the people.
This is your daily reminder that the Federal Reserve is an agent of the US Federal Government no matter what the cool kids say.
This is your daily reminder that if our government doesn't spend on the people, that pushes us all to private debt. Aka that private banking IOU so many talk about without understanding the relationship.
This is your daily reminder that the national debt is nothing more than the sum total of every untaxed dollar in the economy. No need to pay it back because a dollar is a tax credit to the government. It is deleted upon receipt.
This is your daily reminder that no one needs to be evicted and that the Federal Government could backstop homeowners instead of banks and finance fraudsters.
This is your daily reminder that those who ask how you will pay for a program are either dumb as fuck or evil. If you suggest paying for a program with taxes, taxes that are functionally deleted, you are either and abject idiot or a murderer.
This is your daily reminder that healthcare need not be based on insurance but could be simply offered free and funded by the Federal Government period. PERIOD. #MedicareForAll?

We can do even better.
#GreenNewDeal? It has to be global but for this daily reminder, we can retrofit every smoke stack in America and address agricultural and livestock emissions w/ tech & changes in consumption. Any issues arising from that? Provide a just TRANSITION AWAY from dirty industry NOW!
People want work. They want options. We can provide a public option for locally administered, federally funded jobs NOW and that would serve as the new minimum. Set it at a living wage and generous benefits to go with it. For those who cannot work, expand social security w/COLAs
We could easily get rid of FICA, the most regressive tax out there, expand and improve social security to meet the needs of society NOW
At some point, rather than dicking around with speculative BS that serves as casino capitalism, we should be focusing on how we can survive on a planet, producing enough necessities for all and focusing on sustainability and not growth.
Why are folks lured into stupid moronic social media battles instead of being effective? It's almost like folks would rather gossip than actually save ourselves from extinction. Shameful.
What about the 2 trillion in student debt that merely outsources corporate training education and development while putting the honus on the people? Why is that debt not wiped out and seen as an investment?
I have had enough March of the robots bullshit to choke a fucking donkey.
I mean, this bullshit UBI Namibia trial. Do you understand Namibia is not food sovereign? They have to import food. They are a neocolonial state. Imagine bragging about a UBI when understanding MMT would allow them to become a food sovereign & put people to work & out of poverty?
Imagine thinking you have to tax to fund a Job Guarantee or a basic ince like social security? What kind of useless parasite would think that? Imagine celebrating Milton Friedman and neoliberalism? Imagine being dumb enough to believe in the deubunked Quantity Theory of Money?
We have so many clickbait artists out there getting 1000s of likes saying absolutely nothing that we're fighting a helluva lot more than "the establishment". The enemy is the mirror. We refuse LITERALLY REFUSE to be effective. Unfocused & easily distracted. Useless. Disorganized.
I am jaded because this truth is in our faces. A mortgage crisis. An Eviction crisis. A foreclosure crisis. An environmental crisis. And folks won't pay attention. It's almost like we deserve to go extinct. The real debt we are passing on to our children right there. Fuck that.
Seriously. I am sickened by it.
@UntouchablesNew Marathon Now!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Austerity is Murder🌹#MMT🧨

Austerity is Murder🌹#MMT🧨 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sdgrumbine

3 Jul
Someone tell me how you recycle tax dollars when taxes are deleted upon receipt?

***all federal spending is newly created money spent into existence***

There is absolutely no such thing as redistributing federal tax $$.

The government can give everyone a job. Period. #MMT
If we do not understand the money story, we are likely to get everything after that wrong as well.
Read 16 tweets
26 Jun
First things first we have a sovereign, non-convertible, free floating fiat currency that is backed by an obligation: taxation.
1/x
Second: no one says we can just "print the money"... all dollars are merely a tax IOU and are created by keystrokes. The birth of a DOLLAR is congressional spending and the death of the DOLLAR is taxation
Third: QE (Quantitative Easing) is not creating money. It is merely swapping debt for liquidity. Banks do not lend reserves, so even a cursory understanding of the hierarchy of money would be excellent.
Read 16 tweets
26 Jun
Let's Just be absolutely fair: @RealProgressUS have been involved in organizing the @M4M4ALL along w/ many other activists & Organizations.
Bad people have tried to cancel & denigrate us becuz they don't understand our opposition to state based efforts. We are for NATIONAL #M4A
We have committed no less than 20 direct activists in volunteer support to both helping them and our own media coverage. We have also interviewed the lead organizer and have endeavored tirelessly to explain our position with experts in both law and economics.
People who are opportunists have tried the straddle a fence that is un-straddle-able.

The currency issuer/currency user dynamic is of vital importance under EVERY SINGLE Program Progressives want to pass.

Why would people slag us as libertarian or billionaire lovers?
Read 16 tweets
25 Jun
Congress is captured by lobbyists ✅
The Senate is captured by lobbyists ✅
The Fed Reserve is captured by powerful financial interests ✅
The Presidency is selected by special interests via super delegates & lobbyists ✅
Time for a Civil Rights like Movement to purge corruption.
Read 8 tweets
16 Jun
If you hate the Democratic Party, hate the duopoly. Want Medicare for All, a Green New Deal & a functioning Democracy, you need to realize we're in the midst of a civil war NOW. TODAY! That SHOULD make you live like a combatant Not a civilian.
That means you show up daily, READY!
That means you show up ready to do things you don't like to necessarily do. It means you learn things you never learned before. Things that bore you, you dig into.

Because you are at war.

We are at war
It means you sacrifice playtime for the movement.
Read 10 tweets
15 Jun
My father died from progressive supranuclear palsy, which is a disease with no meaningful treatment or cure. He had great "health insurance", but truth be told, nothing will ever be done to solve these diseases with low ROI due to such a small community has it.
1/x
No amount of state based initiatives could have saved his life. Only real, deep, public investment in cures vs treatment at the Federal level could do this. We need ouf Federal Government to do its job.
My son is autistic. His support was left to state based solutions. They were underfunded, understaffed and we went years without services.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(