I've never spent longer writing anything than I have writing this article. I'm excited today to finally present to you my explanation of why we need Modern Monetary Theory (#MMT) and why it needs Universal Basic Income (#UBI).

vocal.media/theSwamp/why-w…

#longreads @StephanieKelton Image
Targeting does nothing but create unnecessary bureaucracy, stigma, and holes for people in need to fall through. Pay 'em all and let taxes sort 'em out. Utilizing taxation instead of means-testing as a tool to shape policy leads to better outcomes with fewer errors of exclusion. Image
When it comes to federal policies, going from "can we pay for it?" to "can we resource it?" is the mindset shift needed to achieve a human-centered eco-friendly resource-based economy built with a mindset of abundance on a foundation of human rights.

vocal.media/theSwamp/why-w… #MMT Image
One small detail of this article was the use of NFTs. Seems like a perfect fit for an article about money creation, right? So if you're interested in owning the original illustrations, you have that option. You can even own the NFT of the article itself.

opensea.io/collection/mmt…

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More from @scottsantens

7 Sep
I'm very proud to announce the launch of something I took part in over the course of 2020 and early 2021 where a vision document was collaboratively crafted as a North Star of principles, rights, and institutions to help guide the direction of the future.

socialcontract.fundforhumanity.org
Notice how we believe the future needs to recognize and uphold the INTRINSIC WORTH of every person and community. That's the North Star we should shoot for, where everyone is equally worthy of existing and everyone is provided with the means of participating in their communities.
"In our imagined future a generation from now, we have evolved from a society where we see our own and others’ dignity and potential as contingent on our job, income, wealth, and identity, to one where we respect our own and each other’s intrinsic dignity."
Read 8 tweets
31 Aug
Here's the fun bureaucracy I've experienced so far as an Ida evacuee:

1. Denied by FEMA for unknown reasons.

2. Denied coverage by my insurance because my evac from New Orleans wasn't officially mandatory.

3. Told that my insurance denial can be used to appeal FEMA's denial.
Anti-govt libertarians and conservatives love insurance as the solution to government safety nets, but in my experience, they never pay out. They always find an excuse. In this case, their excuse is that even though my city doesn't want me to return yet, it didn't mandate evac.
My insurance policy is supposed to provide $2,000 to help with hotel fees in this situation, but their legal loophole is that leaving was voluntary, but the thing is, mandatory evac wasn't an option, it was too late, so they just urged us all to leave.

nola.com/news/hurricane…
Read 8 tweets
31 Aug
We tend to only focus on the things that go wrong and not notice the things that go right. The levees held in New Orleans against a Cat 4 monster. For that I am thankful, because things could be much worse, but aren't because of that vital infrastructure investment that was made.
With that said, there is absolutely blame to be put on @EntergyNOLA for not investing in infrastructure improvements and instead building an emergency power station that was apparently a complete fucking waste of money for Entergy customers but not the pockets that got lined.
This company could've invested more in underground lines and in strengthening the 8 of 8 main towers that experienced catastrophic failure. But nope. Instead they focused on a new plant for emergencies that did nothing in an emergency. Why? Shareholders.

thelensnola.org/2018/06/21/doc…
Read 5 tweets
30 Aug
The left loves to think the right has a monopoly on assholes, but I tweet about homeless landlords and all I see are leftist assholes who believe that poverty is indeed deserved as long as people are doing something they disapprove of which is no different from conservatives.
Seriously. Fuck you for not caring about why someone is in poverty. It doesn't fucking matter why. Poverty shouldn't exist. Period. Poverty isn't something that should exist to punish who you don't like for doing something you don't like. It simply should exist. Don't support it.
I don't support the death penalty. It's wrong. It's immoral. My mind doesn't change based on not liking someone. Dylan Roof is horrible but I still don't believe we should execute him, because we shouldn't execute anyone.

Poverty shouldn't exist. It's immoral amidst vast wealth.
Read 4 tweets
12 Aug
Exactly this. If you don't like someone who supports UBI, and would never vote for them, that's fine. That candidate isn't for you. They are for others who might not like UBI right now, but who may soon like UBI because of that person’s support. As a result, UBI support grows.
If Dark Lord McConnell were to suddenly start talking up the Green New Deal, that's good, not bad. I'd never say anyone should vote for him, because he's possibly the worst person to have ever served in Congress, but I'd welcome his pushing for the GOP to support the GND.
There's a difference between saying "vote for this person because they support this" and "it's great how this person supports this." I encourage every Republican out there to support UBI, and to talk about UBI as capitalism and freedom. I want Fox News to push pro-UBI messaging.
Read 8 tweets
6 Aug
Says the guy whose life strategy is literally letting the work of other people accrue to him by just buying and hodling crypto.
In the US we have a $21 trillion economy that we all make possible. Where's our staking income? Where's our stonk dividend? Where's our return on investment?

UBI isn't about money for nothing. It's ROI we are due as token holders with voting rights who pay taxes to burn USD.
But seriously, can we discuss how it's possible for anyone who supports crypto to be against income disconnected from work, when income disconnected from work is "living the dream?"

Why is it okay to earn passive income as a staker, but not as a holder of the US citizen token?
Read 7 tweets

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