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MMT: Enabling financial elites to plunder the peasants at ever-increasing rates until inflation kicks in, at which point you tax whatever wealth the peasants ac
by erichocean 5y ago
MMT: Enabling financial elites to plunder the peasants at ever-increasing rates until inflation kicks in, at which point you tax whatever wealth the peasants accidentally acquired during the run up until they are, once again, poor.
Rinse and repeat until the peasants have no wealth at all. We're already 60% of the way there—but those are rookie numbers! Look at certain South and Central American countries to see how far we have to go.