by 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:
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:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
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)
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 blog
The ‘tax the rich’ call bestows unwarranted importance on them
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia