@asymmetricinfo argues that “Obama didn’t go enough to reduce the deficit.” Every serious economist believes the problem was he didn’t get a big enough stimulus from Congress! PAYGO is a bad frame precisely b/c it perpetuates austerity economics.https://www.washingtonpost.com/opinions/2019/01/04/ocasio-cortez-was-just-trying-get-into-spirit-congressional-deficit-irresponsibility/ …
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You can't explain the rise of right wing nationalism without immigration.
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Dig further and realize that much of that destabilizing European immigration was driven by a US policy of war in Syria (and in the vein, by destabilizing actions by the US in Guatemala and Honduras...).
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Destabilizing Libya a bigger factor in migration to Europe. An even bigger factor was Merkel welcoming them. US proxy wars in Central America in the ‘80s have about zero to do with today’s migration.
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Uh ok, I think the US gave a push to Libya - though that situation was likely harder to prevent. The effects of war are long, and I think they do still factor into emigration today.https://www.thenation.com/article/border-patrol-refugees-guatemala-cia-war-crimes/ …
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People want to come to the US and Europe from poor countries because their countries are poor and ours are rich. They come because elements here and in Europe welcome them. The problem is that poor and violent countries are the way they are because of their people.
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The US is formed by the work of many similar immigrants who risked all and had the drive and determination to make a perilous journey for better opportunities. We've done very well in the US by welcoming those people and benefiting from they and their children's contributions.
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The United States wasn’t formed by illiterate migrants who speak pre-Columbian languages like Mam. People aren’t fungible - Honduras is Honduras because it’s populated by Hondurans. Replace them with an equal number of Germans or Japanese and it would be a rich country.
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LOL. Modern scientific racism. https://en.wikipedia.org/wiki/Scientific_racism …
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Austerity = fuel for fascism.
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Nice to see an American politician correctly assess politics in Europe for a change
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What's the name for tax the rich economics, because that's what I support.
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Tax the rich because they have too much $. But please understand that we don't need their $ to pay 4 anything. The Fed Gov ISSUES the currency. Plz see my pinned post. Short video.
#LearnMMT so we can#Unite4anewdeal -
We do need money of the
#rich
because they will use it nefariously . Rich parasites use it for bribery. They are too stupid to do anything but. So why have this problem, take it away. -
Mostly agree. But, like
@organicfanatic5, I'd say the better way to frame it is we need the rich to not be so rich (for the reasons you gave and more). The federal government doesn't need their money. We need them to not have that money. -
Nick, even if much of MMT makes sense (and I think much of it does), do u think this is a good way to go about getting support for the framework? How do you reprogram humans to not respond to financial incentives? Taxes for the purpose of societal leveling? That will win votes?
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We don't need *everyone's* vote. Since I don't want billionaires to exist, I'm 100% okay if they don't want to vote for my policies. Also:https://twitter.com/isaiah_kb/status/1081228591042572288?s=19 …
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Ok, thanks for the blunt honesty. So how do u define billionaires? How about ur avg Zimbabwean in 2008? Many were billionaires when denominated in Zim dollars. Do they deserve to 'exist' in ur worldview?
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Austerity is the neoliberal *gift* that keeps on giving...https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot …
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It is wonderful to read these words. Someone gets it.
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LOL. Or, the entire premise might have been wrong in the first place. Q: How much taxpayer money (current & future) should government have thrown away to their favorite donors & cronies?pic.twitter.com/F54QHNbiRh
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Wait - Fed taxes are DELETED upon receipt. They aren't used to pay anything. Down the drain. Fini. All $ spent by Congress is NEW. Not tax dollars. Plz see my pinned post - short video. Also - free book - 7 Deadly Innocent Frauds Of Economic Policy. Only 100 pages.
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Let me guess. Socialism hasn't worked yet because nobody has done it right, right?
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This is not a politically ideological conversation. It is an explanation of the way our monetary system actually works. There are folks on both sides of the isle that get this.
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