MMT Do I have this right? - unlimited deficit spending - taxes control inflation Thus, - at the same time everything is more expensive, you take more money from citizens. - to allow the federal government to brrrr up as many programs as they want Did I get it ?
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Replying to @jackmurphylive
That's precisely the system It'll function until 95% of Boomers have passed away and then collapse Just as intended
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Replying to @TheBrometheus @jackmurphylive
Will inheritance taxes keep it going?
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Replying to @alwayscutting41 @jackmurphylive
"I'm spending my childrens' inheritance" is a popular Boomer phrase. And leveraging triple-mortgages to fund an abundant lifestyle has become the norm. Don't expect much in the way of inheritance under our current system.
9:16 AM - 2 Jan 2021
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