Hot Takepic.twitter.com/XLQ2FAo2rV
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Peak Capitalism
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late st(age) capitalism....
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Weird how you don't note how this is better good news for the "state"
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1/Fiscal spending is never an issue for a sovereign currency issuer without debts in a foreign currency and a floating exchange rate.
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2/Capitalism clearly benefits the most from bad human outcomes given that poverty is a requirement for its "success".
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3/Socialism seeks to satisfy human needs by organizing and distributing available resources efficiently and equitably.
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Can't do. There needs 2 be a mechanism for reducing aggregate spending power. Also, a tax obligation is sufficient 2 drive DEMAND 4 currency
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Taxes at the municipal & state levels are of course necessary given that, unlike federal governments, these don't ISSUE currency but USE it.
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@business "Deaths of despair" (suicides, alcohol & drug abuse) are, as stated, responsible for some of this. But so is poverty.Thanks. Twitter will use this to make your timeline better. UndoUndo
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