I wish medieval gold-standard economics would finally disappear. We no longer have to round up or borrow gold to pay for things.
But we still have people believing in witches, etc. So I guess superstitions do hang on.
But if you're still stuck on "taxes are revenue" & "printing money is borrowing" then:
Top tax rates used to be 90%. Top corp rates used to be much higher as well.
If you restore those tax rates you can "pay for" healthcare, military, social programs, pensions.
@dcjohnson in theory that may be true, but in reality such taxation is not politically possible.
So many of these wonderful economic theories simply fail under harsh realities.
So, GIVEN THAT we will not see such taxation, what's the next best option? Probably exactly the things you're questioning here: taxes are revenue.
@volkris I think you re saying because of the corruption of neoliberal societies the big money will prevent government from doing the right thing? Is that what you mean by "reality?"
@dcjohnson not at all.
In the US we elect politicians who refuse to enact such tax increases.
Doesn't have anything to do with big money or corruption. It's simply reality that the people we voters choose to elect aren't going to pass the tax policies that you're talking about, that would be required for your plan.
@volkris They refuse to enact tax increases on the wealthy and their corporations BECAUSE ...
The voters are not presented with the information channels and choices that will change things.
@dcjohnson as long as we're clear that it's all based on the voters.
It's not big money preventing government from doing things. It's voters voting in support of these policies.
So if you want change you'll have to bring voters around to your perspective. However, realistically that's not going to happen any time soon, and that's the reality you have to work within.
Until you can somehow create this massive shift in the entire population, your tax ideas are nothing but idle theory.
