[Marxism] Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory - CounterPunch.org
daniel.lindvall at filmint.nu
Fri Feb 14 07:26:26 MST 2020
It sometimes feels as if people here are determined to make the worst possible interpretations of comments. It was a straight question, asked precisely out of curiosity, not the lack of it. I’m not dismissing the general importance of understanding money, but the text left me wondering what difference it makes to someone in an electoral campaign if s/he has to argue that we need to raise taxes to avoid inflation rather than to pay for progressive policies as such?
> 14 feb. 2020 kl. 13:19 skrev MM <marxmail00 at gmail.com>:
>> On Feb 14, 2020, at 4:01 AM, Daniel Lindvall <daniel.lindvall at filmint.nu <mailto:daniel.lindvall at filmint.nu>> wrote:
>> But, if you have to rise taxes, not to fund the spending as such, but to offset inflation, how much difference does it really make?
>> Kavanagh: ”…surtaxing the rich does not transfer funds directly to pay for another activity like healthcare, but it does help configure the money supply on a macro level to enable more social spending. It averts the inflation that would occur if both a lot of spending on healthcare andthe infinite appropriation of money by individuals were tolerated. Taxes don’t raise funds; they do help control the money supply.”
> If you can read that piece and be left with that question, and without any curiosity to pursue any of the ideas mentioned in it, there’s nothing whatsoever I can do to help you.
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