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I wonder if those Modern Monetary Theory people will start pushing to increase taxes to combat inflation.
by mimikatz 5y ago
I wonder if those Modern Monetary Theory people will start pushing to increase taxes to combat inflation.
- sundaeofshock 5y agoI’m one of those people and I would be happy to see the Trump tax cuts rolled back. Further, I’m a huge fan of a windfall profits tax.
- legitster 5y agoModern Monetary Theory is effectively dead. The problem is that millionaires and billionaires consume the same amount of toilet paper as us. Taking away money from them doesn't actually change the upwards price pressure on a roll. You actually have to tax away money from consumers for it to have any work combating inflation - I would like to see who can possibly sell raising taxes across the board as a way of fighting inflation.
- dragonwriter 5y ago> I wonder if those Modern Monetary Theory people will start pushing to increase taxes to combat inflation. Probably, but (1) MMT support among people with any political relevance is already in the faction known for supporting higher taxes, and (2) no one listens to the people who support MMT, anyway.