Wes #MMT I Am Chaos, Freely Flowing Overabundance
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@WilesWj
Heterodox Marxist 🌩️ 🔥 Registered Chickasaw native 🛡 Wolf Runner 🐺 Nashoba Chomak Shuti 🍄 Learn MMT 🦉
Destruction and instability are the whole point to tribute systems. People largely still don't. Money's purpose is to ultimately be destroyed after tribute/taxation create instability and uncertainty. It's why the mathematically structured violence as communication is required.
The purpose of using commerce is to drive a system of tribute in order to supply soldiers with goods. Any other strategy outside using commerce for war, is pointless or a part of a blatant lie to normalize domination among the slaves producing goods. Trade originates from tribute
Economist Michael Hudson argues that Trump's tariffs are about finding a source of government revenue to replace income taxes on the wealthy. 'Donald Trump’s tariff policy has thrown markets into turmoil among his allies and enemies alike. This anarchy reflects the fact that his major aim was not really tariff policy, but simply to cut income taxes on the wealthy, by replacing them with tariffs as the main source of government revenue. Extracting economic concessions from other countries is part of his justification for this tax shift as offering a nationalistic benefit for the United States. 'His cover story, and perhaps even his belief, is that tariffs by themselves can revive American industry. But he has no plans to deal with the problems that caused America’s deindustrialization in the first place. There is no recognition of what made the original U.S. industrial program and that of most other nations so successful. That program was based on public infrastructure, rising private industrial investment and wages protected by tariffs, and strong government regulation. Trump’s slash and burn policy is the reverse – to downsize government, weaken public regulation and sell off public infrastructure to help pay for his income tax cuts for his Donor Class. 'This is just the neoliberal program under another guise. Trump misrepresents it as supportive of industry, not its antithesis. His move is not an industrial plan at all, but a power play to extract economic concessions from other countries while slashing income taxes on the wealthy. The immediate result will be widespread layoffs, business closures and consumer price inflation.' Read the full article here: braveneweurope.com/michael-hudson… #TrumpTariffs #UnitedStates #Tax #SuperRich #Incometax
