4 ms·
I have trouble imagining anyone convincing a city to 'burn revenue', even if it's a good idea in principle. Maybe the next best thing is applying it to a negati
by lukas099 4y ago
I have trouble imagining anyone convincing a city to 'burn revenue', even if it's a good idea in principle. Maybe the next best thing is applying it to a negative income tax so that it goes to the lowest-income residents.
- bombcar 4y agoIt's a reference to Modern Money Theory which states that a (federal) tax is disconnected from spending because the government prints money. But ADA stuff is almost always handled on a local, not even state, level.
- londons_explore 4y agoIt only makes sense for the federal government to mandate burning dollars. They're the ones who can print them anyway. The end result is they just print less each year.