Thread by @Changeling_1

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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If the Govt decided to employ the 50,000 missing nurses (£1.2B), that’s £1.2B salaries being taxed, remainder being spent into the economy supporting shops, buying cars, where it is further taxed (VAT & more salaries) until it is eventually negated & it all starts over again.
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Some understand this & the lies that are told to protect the old way of thinking. Others attack it out of ignorance but the fact remains, the UK is not funding restrained as long as it is spending in pound Sterling & the task is to get others to see through the veil is we do
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If we could achieve that, then we would blow this whole web of deceit used to keep the lower classes & the poorer of society in their place, wide open and herald in a new age of equality
Dare I say it?
A potential new renaissance that doesn’t depend on exploitation of others.
End