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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Sawdusty who wrote (158252)5/23/2020 6:29:55 PM
From: marcher  Respond to of 217526
 
--how would it be if we added a billion millionaires--

thanks for your response.

i think adding a billion millionaires would indicate inflation.
apparently, mmt posits that inflation is controlled by taxation.

"...Since there is a risk that too much government spending would spark inflation,
the government might need to cool things down, meaning create a recession...
by raising taxes. Taxes, MMT holds, should be used as tools of economic management..."

jacobinmag.com