Henric

No matter what MMT tries to claim the real tax is paid when gov spends, by transfer of goods and service from private to public. The rest is just funding. If gov issue money and the money gets its value from taxation then its the tax payer. If the issue more, then devaluation.

@bourdeau_ed @bmay amazon.co.uk/Cant-Just-Prin…

@bmay Crazy straw-man - at its core MMT is not about printing money it’s about understanding how money is manufactured in our society & has been since WW2. It’s not the childlike handbag economics we’ve been taught & those who benefit from keeping the facts away from people don’t like

Accurate.

@sioneill @MartiniGuyYT Not those that were issued by banks.

@HenricCont @MartiniGuyYT And it cost the government nothing.

🚨THIS IS MENTAL THE UK WILL COLLECT £331 BILLION IN INCOME TAX THIS YEAR, AND SPEND £333 BILLION ON WELFARE IT NOW SPENDS MORE ON PEOPLE NOT WORKING THAN IT RAISES FROM THOSE WHO DO A BROKEN SYSTEM

At the height of the Gilded Age in 1910, the wealthiest 0.00001% of Americans held assets equal to 4% of the nation’s income. Today, that same ultra-elite group controls 12%.

@sioneill @MartiniGuyYT The IOU is used as money to exchange goods and services.

@HenricCont @MartiniGuyYT An IOU is a promise.

@RegenerationEX It’s based on supply and demand. Like many other goods and services. But UK have decided to stop all new coal, gas, hydro, nuclear and even wind. Less supply, higher prices

taxresearch.org.uk/Blog/2026/03/2… '..how electricity pricing actually works,...gas prices set the cost for everything,...a flawed system is forcing households and businesses to pay far more than necessary. This is not an accident. It is a policy choice — and it could be changed.'

@RegenerationEX All government spending is paid by someone in the private sector, no matter how much money you print.

The UK Government is self funding; it is not like a household; no matter how rich that household is.

"Good taxation has to attack this growing inequality. [...] it's about fairness, it's about democracy, but its also about economic growth." Nobel Prize-winning economist Joseph Stiglitz makes the case for #WealthTaxes at the recent EU Tax Symposium in Brussels.

This Nature paper, which is clearly a big hit with the usual suspects in the fossil fool community, finds that over the past ~3 million years, climate shifts weren’t always tightly coupled to CO₂, with oceans and ice sheets doing plenty of the work. Deniers immediately declare CO₂ irrelevant. Scientists note two awkward details: today's CO₂ spike is far faster and higher than anything in that record, and in past cycles temperature often rose first because warming oceans released CO₂, which then amplified and sustained the heat. This time we're doing the outgassing ourselves. Discovering that past climate was complicated is not proof that present climate change is imaginary, just that feedbacks exist, and we're currently pulling the biggest lever. nature.com/articles/s4158…

@magistercaecus @bourdeau_ed @RockChartrand No shit Sherlock

@HenricCont @bourdeau_ed @RockChartrand Money that is never used also does not push production. Jesus Christ you people have the most simpleminded understanding of economies. Read some Picardy or something.

He sells “tax the rich” like it’s new and targeted. The rich are already heavily taxed, and this just moves the line. Once you accept “we can take more because you have more,” it doesn’t stay confined to the rich. It expands. And after decades of this, if taxing the rich actually made the poor better off, you’d expect clear results by now. What it reliably does is concentrate power and money in the political class and those tied to it. So it’s sold as helping the poor, but in practice it mostly funds the system that manages them.

@VolatilityVIX investopedia.com/warren-buffett…

Unpopular opinion:  Investing in index funds because "most people underperform the market" is a LOSERS mindset * And I mean people who LOSE ground, not a derogatory on their character  😀 Make no mistake, life is competition If you want the best outcomes, do hard things

@bourdeau_ed @RockChartrand You have to tax people with high propensity to consume. Spending is what makes inflation. Money that is never used does not cause inflation. Who is the biggest spender in an economy…

@RockChartrand Tax the rich or we get higher inflation because they’re leaving too much money in the system. They tax to drain money out not to fund anything. All spending is brand new money not anything to do with recycled taxes.

@sioneill @MartiniGuyYT Spending is not promises.

@HenricCont @MartiniGuyYT Promises cost nothing.

I’m not switching anything—you’re conflating source and use. The total pool of balances (NFAs) is the source of purchasing power, and bidders are simply the subset using it in a given market. For example, if only one person has ≥100, only one can bid; if two people have ≥100, two can bid etc. So total balances determine how many people can meet the constraint to participate. There’s no contradiction—one is the pool of potential purchasing power, the other is its use.

@HenricCont @mrmikeMTL No, you started by saying the aggregate is the total pool of balances (i.e. NFAs—which is what I mean); here you’re saying it’s limited only to those bidding for a particular G/S. Which do you mean? It’s impossible to discuss if you switch your meaning.

paying taxes at this point feels like funding criminals

@sioneill @MartiniGuyYT What someone gets for free is paid by someone else.

@MartiniGuyYT Just as well taxes don’t fund welfare, or anything else then.

@sioneill @mrmikeMTL You’re creating a false distinction. The aggregate is just the individuals who choose to bid. Their ability to bid depends on their balances. Increase the pool of balances and more participants can meet that constraint.

@HenricCont @mrmikeMTL Every bid is limited by the balance held by the individual bidder. Not the aggregate balance of every balance holder, whether they are bidding or not. This should be obvious!

@cjsnowdon Whatever gets you the votes. Public Choice Theory

If he’d been around in 1750, he would have said the same thing.

“Over the past four decades, global production as measured by GDP has increased more than threefold… the richest 1% have claimed 54% of total gains from growth, while the richest 5% have claimed 70%” #PostCapitalism #Degrowth Global Income Inequality globalinequality.org/global-income-…

@BernieSanders We should outlaw tractors so 97% of the population can work in agriculture again. That was the original sin of productivity growth.

Jeff Bezos, worth $234 billion, plans to replace 600,000 Amazon workers with robots. Now, he wants to spend $100 billion to fully automate not just his warehouses, but factories in the U.S & other countries. Oligarchs are waging all out war against workers. FIGHT BACK.

@bourdeau_ed @TheAliceSmith A large portion of Israel’s population isn’t even Jewish. And they are also elected and MPs. And the genocide narrative is a myth music.youtube.com/podcast/EmnKn0…

@HenricCont @TheAliceSmith I’m skeptical that an avowed ethnostate that considers the ROW not god’s people and continues to commit a genocide is anything like a western democracy. It’s delusional. This is not being antisemitic btw.

You can tell whether any ideology or regime or religion is compatible with liberty by asking one very simple question. Are you allowed to criticise it?

@bourdeau_ed @TheAliceSmith Lots of criticism in Israel about various political parties and persons. After all, they have elections and many different winners and losers every election. Dubai, not so much…

@TheAliceSmith Not Israel then