Malcolm Reavell
@auchentrachle.bsky.social
Ex bank employee, ex soldier, ex-aircraft engineer, ex-IT manager, now trying to put the world to rights before our leaders kill us all.
We don't need to "tax the rich".
We don't need "a wealth tax".
We need to tax wealth. There's a difference.
Excess wealth permits a distortion of political power and command of earth's natural resources.
We don't need taxes of the rich to pay for anything.
We just don't need or want the rich.
We don't need "a wealth tax".
We need to tax wealth. There's a difference.
Excess wealth permits a distortion of political power and command of earth's natural resources.
We don't need taxes of the rich to pay for anything.
We just don't need or want the rich.
March 27, 2025 at 3:25 PM
We don't need to "tax the rich".
We don't need "a wealth tax".
We need to tax wealth. There's a difference.
Excess wealth permits a distortion of political power and command of earth's natural resources.
We don't need taxes of the rich to pay for anything.
We just don't need or want the rich.
We don't need "a wealth tax".
We need to tax wealth. There's a difference.
Excess wealth permits a distortion of political power and command of earth's natural resources.
We don't need taxes of the rich to pay for anything.
We just don't need or want the rich.
Reposted by Malcolm Reavell
These are self imposed fiscal rules.
Self imposed.
Labour are choosing to push 50,000 children into poverty to signal to wealth & capital that they're on their side.
Disgusting. Sick. Broken.
Self imposed.
Labour are choosing to push 50,000 children into poverty to signal to wealth & capital that they're on their side.
Disgusting. Sick. Broken.
March 26, 2025 at 1:59 PM
These are self imposed fiscal rules.
Self imposed.
Labour are choosing to push 50,000 children into poverty to signal to wealth & capital that they're on their side.
Disgusting. Sick. Broken.
Self imposed.
Labour are choosing to push 50,000 children into poverty to signal to wealth & capital that they're on their side.
Disgusting. Sick. Broken.
Reposted by Malcolm Reavell
That's how I'm going to start my article for Labour Briefing
A reminder that Thatcher's "government as household" analogy traps us in a degenrate narrative that will always end in austerity.
March 26, 2025 at 12:17 PM
That's how I'm going to start my article for Labour Briefing
A reminder that Thatcher's "government as household" analogy traps us in a degenrate narrative that will always end in austerity.
March 26, 2025 at 12:10 PM
A reminder that Thatcher's "government as household" analogy traps us in a degenrate narrative that will always end in austerity.
These quotes keep surfacing. The creator and issuer of the "greenback", he apparently didn't like paying interest to private banks. This is from a speech made after the civil war, and shortly before he was assassinated.
March 25, 2025 at 2:02 PM
These quotes keep surfacing. The creator and issuer of the "greenback", he apparently didn't like paying interest to private banks. This is from a speech made after the civil war, and shortly before he was assassinated.
Reposted by Malcolm Reavell
There is no need for ‘fiscal’ rules - just resource/inflationary rules.
The UK Govt never need worry about the money. It should focus instead on two questions:
Do we have the resources, skills and labour to do it?
Will it be inflationary?
The UK Govt never need worry about the money. It should focus instead on two questions:
Do we have the resources, skills and labour to do it?
Will it be inflationary?
March 21, 2025 at 12:15 PM
There is no need for ‘fiscal’ rules - just resource/inflationary rules.
The UK Govt never need worry about the money. It should focus instead on two questions:
Do we have the resources, skills and labour to do it?
Will it be inflationary?
The UK Govt never need worry about the money. It should focus instead on two questions:
Do we have the resources, skills and labour to do it?
Will it be inflationary?
Reposted by Malcolm Reavell
Every brain creates its own reality. There are consequences to creating false realities. Austerity kills economies and people.
There’s no “National credit card”, there no such thing as “taxpayer money”. Taxes are not a funding mechanism. There’s no operational dependency on what government taxes to what it can spend. It can never run out of £, or go bust. Ever. And “fiscal rules” are complete nonsense.
March 17, 2025 at 6:31 PM
Every brain creates its own reality. There are consequences to creating false realities. Austerity kills economies and people.
Reposted by Malcolm Reavell
In other words “fiscal rules” are put in place to make sure we keep believing that the gov’t needs us to pay it tax, or lend it money, before it can spend. But how does that work for pensioners, teachers, nurses, weapons manufacturers etc, who are paid by gov’t and only then can pay tax or lend £s?
There’s no “National credit card”, there no such thing as “taxpayer money”. Taxes are not a funding mechanism. There’s no operational dependency on what government taxes to what it can spend. It can never run out of £, or go bust. Ever. And “fiscal rules” are complete nonsense.
March 17, 2025 at 3:03 PM
In other words “fiscal rules” are put in place to make sure we keep believing that the gov’t needs us to pay it tax, or lend it money, before it can spend. But how does that work for pensioners, teachers, nurses, weapons manufacturers etc, who are paid by gov’t and only then can pay tax or lend £s?
Reposted by Malcolm Reavell
Streeting is a monster like the rest of Starmer's mob. How many people, especially children, do you know who are suffering some form of mental disability? It wasn't like this before - when was it?
March 17, 2025 at 12:28 PM
Streeting is a monster like the rest of Starmer's mob. How many people, especially children, do you know who are suffering some form of mental disability? It wasn't like this before - when was it?
There’s no “National credit card”, there no such thing as “taxpayer money”. Taxes are not a funding mechanism. There’s no operational dependency on what government taxes to what it can spend. It can never run out of £, or go bust. Ever. And “fiscal rules” are complete nonsense.
March 17, 2025 at 2:00 PM
There’s no “National credit card”, there no such thing as “taxpayer money”. Taxes are not a funding mechanism. There’s no operational dependency on what government taxes to what it can spend. It can never run out of £, or go bust. Ever. And “fiscal rules” are complete nonsense.
Reposted by Malcolm Reavell
SNP MP calls for Trump state visit to be scrapped.
Others should support.
Unhinged felon must not be honoured. 34 felony convictions in New York alone. Dodged prison because his billionaire pals helped him win election.
Risk of mass social disorder, if the visit goes ahead.
Others should support.
Unhinged felon must not be honoured. 34 felony convictions in New York alone. Dodged prison because his billionaire pals helped him win election.
Risk of mass social disorder, if the visit goes ahead.
SNP MP calls for Trump state visit to be scrapped
A second state visit cannot go ahead if the US president does not show further support for Ukraine, Stephen Gethins says.
www.bbc.co.uk
March 2, 2025 at 8:17 AM
SNP MP calls for Trump state visit to be scrapped.
Others should support.
Unhinged felon must not be honoured. 34 felony convictions in New York alone. Dodged prison because his billionaire pals helped him win election.
Risk of mass social disorder, if the visit goes ahead.
Others should support.
Unhinged felon must not be honoured. 34 felony convictions in New York alone. Dodged prison because his billionaire pals helped him win election.
Risk of mass social disorder, if the visit goes ahead.
Reposted by Malcolm Reavell
@russincheshire.bsky.social could learn how our monetary system operates - as could all. Byline Times contributors.
The UK is a fiat currency issuing state. It spends money into existence and taxes some of that money out of existence. Ergo - taxes do not, and cannot, ‘fund’ spending.
#LearnMMT
The UK is a fiat currency issuing state. It spends money into existence and taxes some of that money out of existence. Ergo - taxes do not, and cannot, ‘fund’ spending.
#LearnMMT
A Tributum was a tax imposed on Roman citizens to fund the costs of war. The Tributum was set at a higher rate if you were rich - a wealth tax imposed on assets, land, property and moveable goods. Not cuts to the poor.
We have learned nothing in 2000 years.
www.theguardian.com/politics/202...
We have learned nothing in 2000 years.
www.theguardian.com/politics/202...
Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned
www.theguardian.com
February 25, 2025 at 11:12 PM
@russincheshire.bsky.social could learn how our monetary system operates - as could all. Byline Times contributors.
The UK is a fiat currency issuing state. It spends money into existence and taxes some of that money out of existence. Ergo - taxes do not, and cannot, ‘fund’ spending.
#LearnMMT
The UK is a fiat currency issuing state. It spends money into existence and taxes some of that money out of existence. Ergo - taxes do not, and cannot, ‘fund’ spending.
#LearnMMT
Reposted by Malcolm Reavell
No it wouldn’t. It would destroy £30billion of the wealthiest’s money and give them £30bn less to bribe politicians. That’s it. The money deleted does not affect our govt’s ability to create £s.
While you spread the tax-payer myth, you hand Reeves the wiggle-room to plead poverty.
#LearnMMT
While you spread the tax-payer myth, you hand Reeves the wiggle-room to plead poverty.
#LearnMMT
February 26, 2025 at 2:40 PM
No it wouldn’t. It would destroy £30billion of the wealthiest’s money and give them £30bn less to bribe politicians. That’s it. The money deleted does not affect our govt’s ability to create £s.
While you spread the tax-payer myth, you hand Reeves the wiggle-room to plead poverty.
#LearnMMT
While you spread the tax-payer myth, you hand Reeves the wiggle-room to plead poverty.
#LearnMMT
Reposted by Malcolm Reavell
Un the context of endogenous money, it is far more likely that the money supply responds to inflation. And not vice-versa.
February 26, 2025 at 10:46 PM
Un the context of endogenous money, it is far more likely that the money supply responds to inflation. And not vice-versa.
Reposted by Malcolm Reavell
👇🏻😳👇🏻 Did you know that the UK Govt hands bankers and financiers £100bn of newly created money every, single year for having enough spare money to buy bonds. This process has zero benefits for us. By 2050 it will be close to 2.5 £trillion.
Just handed to the rich for nowt.
#LearnMMT
Just handed to the rich for nowt.
#LearnMMT
The Climate Change Committee says that the net cost of net zero is £108bn.
But that's just to 2050. Look at the net cost line in 2050—efficiency savings paying back at almost £40bn a year. If we looked out a few more years, the cost would become a net saving!
www.theccc.org.uk/publication/...
But that's just to 2050. Look at the net cost line in 2050—efficiency savings paying back at almost £40bn a year. If we looked out a few more years, the cost would become a net saving!
www.theccc.org.uk/publication/...
The Seventh Carbon Budget - Climate Change Committee
Presented to the Secretary of State pursuant to Section 34 of the Climate Change Act 2008. Footnotes have…
www.theccc.org.uk
February 26, 2025 at 5:20 PM
👇🏻😳👇🏻 Did you know that the UK Govt hands bankers and financiers £100bn of newly created money every, single year for having enough spare money to buy bonds. This process has zero benefits for us. By 2050 it will be close to 2.5 £trillion.
Just handed to the rich for nowt.
#LearnMMT
Just handed to the rich for nowt.
#LearnMMT
Reposted by Malcolm Reavell
"For those who want a 5 minute explanation"
For those who want a 5 minute explanation : youtu.be/GHnW_V5dfu0?...
The Power of the Pound
YouTube video by The Gower Initiative for Modern Money Studies
youtu.be
February 16, 2025 at 7:44 AM
"For those who want a 5 minute explanation"
Reposted by Malcolm Reavell
Stephanie Kelton - "We can, and must, tax the rich. But not because we can't afford to do anything without them. We should tax billionaires to rebalance the distributions of wealth and income and to protect the health of our democracy"
France to introduce a 2% wealth tax on those worth over €100m.
France to introduce a 2% wealth tax on those worth over €100m.
February 22, 2025 at 4:28 PM
Stephanie Kelton - "We can, and must, tax the rich. But not because we can't afford to do anything without them. We should tax billionaires to rebalance the distributions of wealth and income and to protect the health of our democracy"
France to introduce a 2% wealth tax on those worth over €100m.
France to introduce a 2% wealth tax on those worth over €100m.
Reposted by Malcolm Reavell
It’s not true what the grocer’s daughter said. This may be a shock, but there’s no such thing as “taxpayer money”. She lied. There’s only government money, and if government doesn’t spend enough money into the economy, taxpayers don’t have money to pay taxes. Or live on.🧵👇
February 11, 2025 at 6:03 PM
It’s not true what the grocer’s daughter said. This may be a shock, but there’s no such thing as “taxpayer money”. She lied. There’s only government money, and if government doesn’t spend enough money into the economy, taxpayers don’t have money to pay taxes. Or live on.🧵👇
Reposted by Malcolm Reavell
Reposted by Malcolm Reavell
New Essay! 🗣️
✨ Money is Not a Medium of Exchange ✨
Contra the "exchange" paradigm linked to myths of barter, Jens Martignoni argues that we must reconceive money as an inherently collective project and rethink monetary functions as resulting from political design.
Please read & share! 👩💻 🙌
✨ Money is Not a Medium of Exchange ✨
Contra the "exchange" paradigm linked to myths of barter, Jens Martignoni argues that we must reconceive money as an inherently collective project and rethink monetary functions as resulting from political design.
Please read & share! 👩💻 🙌
Money is Not a Medium of Exchange
by Jens Martignoni With this brief provocation, Jens Martignoni develops a suggestion first put forth in an essay published in the International Journal of Community Currency Research (IJCCR). Ther…
moneyontheleft.org
January 23, 2025 at 7:14 PM
New Essay! 🗣️
✨ Money is Not a Medium of Exchange ✨
Contra the "exchange" paradigm linked to myths of barter, Jens Martignoni argues that we must reconceive money as an inherently collective project and rethink monetary functions as resulting from political design.
Please read & share! 👩💻 🙌
✨ Money is Not a Medium of Exchange ✨
Contra the "exchange" paradigm linked to myths of barter, Jens Martignoni argues that we must reconceive money as an inherently collective project and rethink monetary functions as resulting from political design.
Please read & share! 👩💻 🙌
Thank's Muskrat.
January 23, 2025 at 3:25 PM
Thank's Muskrat.
Reposted by Malcolm Reavell
Well, that's me screwed on Twitter. I suggested a Trump supporter espousing his racist and extreme right wing views should try drinking bleach if he thought Trump was such a genius. Maybe because American sense of humour doesn't do irony maybe.
I can no longer post or comment or like.
I can no longer post or comment or like.
January 23, 2025 at 10:06 AM
Well, that's me screwed on Twitter. I suggested a Trump supporter espousing his racist and extreme right wing views should try drinking bleach if he thought Trump was such a genius. Maybe because American sense of humour doesn't do irony maybe.
I can no longer post or comment or like.
I can no longer post or comment or like.