Bill Mitchell — The ‘tax the rich’ call bestows unwarranted importance on them

Summary:
Bill answers the main questions about MMT and a progressive agenda to address wealth inequality. There is no need for a currency issuer to tax to obtain the funds it issues itself. The reasons that a currency issuer should tax excessive wealth is political, in that wealth conveys political power. Neoliberalism differs from classical liberalism (laissez-faire) by harnessing government to promoting the interests of capital rather than reducing government involvement in the economy as a matter of principle.Bill Mitchell – billy blogThe ‘tax the rich’ call bestows unwarranted importance on themBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Topics:
Mike Norman considers the following as important: asymmetry, economics and politics, economics and power, inequality, MMT, progressivism, tax policy

This could be interesting, too:

Robert Skidelsky writes The Roots of Europe’s Immigration Problem – Project Syndicate

Nick Falvo writes Report finds insufficient daytime options for people experiencing homelessness

Nick Falvo writes Housing and homelessness in London (England)

Merijn T. Knibbe writes Using the Theil inequality index to show and analyse increased colonial exploitation