👋 Hi Labour. We have an idea...
Rather than taking money off disabled people - some of the poorest people in society - you could tax the super-rich properly and raise billions to help fix our crumbling public services 👍
Rather than taking money off disabled people - some of the poorest people in society - you could tax the super-rich properly and raise billions to help fix our crumbling public services 👍
Comments
The £ is a designation of legal tender by Gov.
No Gov/Agent can self fund/spend.
Only the private sector asset/labor producing can first create money in legal tender using private banks.
1st Gov taxes PS then spends.
Gov provides currency(coins/paper), not money. Like a chip at a casino.
Currency = coins/paper
Like a casino producing chips/tokens
Are not money!
Currency/Chips/Tokens can be destroyed with no impact on money or the casino's rev.
Gov doesn't have a monopoly on money. Only PS creates it. Asset/labor-PVT banks
What specifically did I misunderstand about what mosler typed with his own fingers?
I heard them.
see also:
1) Kelton, S. (2020). The Deficit Myth. [Book]
2) https://findingmoneyfilm.com/ [Movie]