This post was prompted by Tim Wortsall, of all peoples, post on whether progressive taxation makes sense a MMT world. In a sense he was right, and perhaps Randall Wray in response was not, the principles of taxation radically change in an MMT world as the overiding princple is how taxation can create inducements to restore full employment not how taxation can fairly fund public spending.Decisions, Decisions, Decisions
Optimum Taxation Policy and the Impact of Public Debt Under Modern Monetary Theory
Andrew Lainton
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ReplyDeleteNotice that the problem is always traceable to capital, which the entire world must serve at all costs or "progress" will come to a halt. It's a religious argument with "progress" the new god who feeds on sacrifice offered by the new priesthood that is even more amply paid than the previous ones.
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