Skip to main content

View Diary: New study forecasts mass extinction in 100 years due to Climate Change (226 comments)

Comment Preferences

  •  If we adopted MMT (0+ / 0-)

    We could do away with "needing taxes" to spend money.. since we really don't

    Government creates money via spending and destroys it via taxation

    •  What is MMT? (0+ / 0-)

      And how does taxation destroy money? Given that we run a deficit, every single penny that comes in as taxes immediately goes out in the form of spending. The fact that the government is the one doing the spending doesn't really matter.

      If we had a public surplus and the government was stashing the money in Ft. Knox I could see your point, but as it is I don't see it.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site