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    GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Friday, 17-Jan-2025 08:51:00 JSTGhostOnTheHalfShellGhostOnTheHalfShell
    in reply to
    • Laffy
    • TC Won't Give In To Lies
    • Nicole Parsons
    • *|FNAME|* 🇨🇦🇺🇦🇬🇱

    @Npars01 @Crispius @TCatInReality @GottaLaff

    I’m going to push back on you on this one. Income taxes don’t pay for anything. Per MMT, a monetary sovereign issues and spends its own currency. The US summons or provisions money into existence when Congress agrees on a budget. The money is provisioned in that process.

    That money is the stuff in our bank accounts. In the federal budget deficit and money to the economy. Our federal taxes delete money from the economy.

    In conversationabout 4 months ago from masto.aipermalink
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