Alex Howlett Profile picture
Money View — Basic Income (BIEN Version) — Consumer Monetary Theory — @projectgreshm
Mar 24, 2020 6 tweets 16 min read
@eddiechu888 @Delecarta @JohnHLee02 @scottsantens @AndrewYang @Noahpinion @paulkrugman @DeanBaker13 @Nouriel @erikbryn I have a few points to make.

1/6 The government represents everyone, not just taxpayers. The money the government spends is not "taxpayer money." Restricting government spending to tax revenues is a political decision.

greshm.org/blog/tax-reven… @eddiechu888 @Delecarta @JohnHLee02 @scottsantens @AndrewYang @Noahpinion @paulkrugman @DeanBaker13 @Nouriel @erikbryn 2/6 The amount of money the government can afford to hand out to people as #BasicIncome is determined by the capacity of the economy to respond productively to the new level of consumer spending.

greshm.org/blog/theres-on…