David McNab
@mcfab59.bsky.social
There is only one source of money (and wealth) in 🇬🇧: the Govt. New money can only come through Govt spending and old money is removed through taxation. How you spend that money and who you tax determines what kind of society you have. #MMT
Important message from the President, delivered from the tee of hole 16, Maralpaygo.
June 20, 2025 at 1:31 PM
Important message from the President, delivered from the tee of hole 16, Maralpaygo.
Instead of focussing on hypocrisy- how about pointing out the stupidity of the claim. The Nat debt has been rising since 1700. How many generations of grandchildren have faced a reckoning in those 300 years. It’s never happened.
Start asking the right questions or the charade continues.
Start asking the right questions or the charade continues.
June 13, 2025 at 7:22 AM
Instead of focussing on hypocrisy- how about pointing out the stupidity of the claim. The Nat debt has been rising since 1700. How many generations of grandchildren have faced a reckoning in those 300 years. It’s never happened.
Start asking the right questions or the charade continues.
Start asking the right questions or the charade continues.
@goodlawproject.org
Please find out what taxes are for and what they’re not for. For all the great work you do, watching great defenders of people’s rights chasing their tails when it comes to the economics of govt spending and taxation is painful.
Start with this best seller.
Please find out what taxes are for and what they’re not for. For all the great work you do, watching great defenders of people’s rights chasing their tails when it comes to the economics of govt spending and taxation is painful.
Start with this best seller.
June 12, 2025 at 5:31 AM
@goodlawproject.org
Please find out what taxes are for and what they’re not for. For all the great work you do, watching great defenders of people’s rights chasing their tails when it comes to the economics of govt spending and taxation is painful.
Start with this best seller.
Please find out what taxes are for and what they’re not for. For all the great work you do, watching great defenders of people’s rights chasing their tails when it comes to the economics of govt spending and taxation is painful.
Start with this best seller.
@paulbernal.bsky.social - that’s not how government financing works. If our government were funded by our taxes… where did we get the tax money from? The answer, of course, is that the UK is self-financing. By linking, say, education, to taxation, you allow the govt to play austerity rules.
June 6, 2025 at 7:46 PM
@paulbernal.bsky.social - that’s not how government financing works. If our government were funded by our taxes… where did we get the tax money from? The answer, of course, is that the UK is self-financing. By linking, say, education, to taxation, you allow the govt to play austerity rules.
LVT to be desired - but depressing how few angry progressives understand where govt spends actually come from and what taxation is really for. In 1983, Thatcher made up some bs about ‘funding’. It simply wasn’t true - yet it’s still taught in schools and universities.
June 4, 2025 at 8:34 PM
LVT to be desired - but depressing how few angry progressives understand where govt spends actually come from and what taxation is really for. In 1983, Thatcher made up some bs about ‘funding’. It simply wasn’t true - yet it’s still taught in schools and universities.
But they are in a position to end it. If more voters understood how government budgets were really funded, and the real causes of inflation, no politician would dare say they faced ‘tough choices’ or talk of ‘budget shortfalls’ ever again.
June 4, 2025 at 3:37 PM
But they are in a position to end it. If more voters understood how government budgets were really funded, and the real causes of inflation, no politician would dare say they faced ‘tough choices’ or talk of ‘budget shortfalls’ ever again.
@georgemonbiot.bsky.social - may I suggest a double-bill with…
June 4, 2025 at 10:03 AM
@georgemonbiot.bsky.social - may I suggest a double-bill with…
@alexvont.bsky.social - national service would be a horrible, retrograde step - but until progressives understand how our monetary system works, they’ll continue to unknowingly do the job of the Right for them. Taxes don’t ‘pay for’ anything - if they did, then austerity would be necessary.
June 4, 2025 at 6:08 AM
@alexvont.bsky.social - national service would be a horrible, retrograde step - but until progressives understand how our monetary system works, they’ll continue to unknowingly do the job of the Right for them. Taxes don’t ‘pay for’ anything - if they did, then austerity would be necessary.
The debt is not the problem. What you spend the debt on, is.
June 4, 2025 at 5:46 AM
The debt is not the problem. What you spend the debt on, is.
China focussing their efforts on science and modernisation and raising their people’s wealth to Western levels. Meanwhile, the West continues to dither - they’ve pretended their governments are poor for so long now they’ve forgotten that they could invest in the un, and underemployed tomorrow.
May 26, 2025 at 8:37 AM
China focussing their efforts on science and modernisation and raising their people’s wealth to Western levels. Meanwhile, the West continues to dither - they’ve pretended their governments are poor for so long now they’ve forgotten that they could invest in the un, and underemployed tomorrow.
@bladeofthes.bsky.social - oh the irony. Trickle-down and “tax-payer” funded are both part of the same false economic paradigm. If you think we need rich people’s taxes to pay for public services - you believe in trickle-down. The UK is a self-financing state - it doesn’t “tax to pay-for”.
May 25, 2025 at 10:27 PM
@bladeofthes.bsky.social - oh the irony. Trickle-down and “tax-payer” funded are both part of the same false economic paradigm. If you think we need rich people’s taxes to pay for public services - you believe in trickle-down. The UK is a self-financing state - it doesn’t “tax to pay-for”.
@rachelsylvester.bsky.social , a polite request for journalists to stop spoiling good news stories with harmful economic gobbledegook. The UK is a currency issuing state. The Treasury doesn’t have to ‘find the money’. It has its own currency issuing bank. Please stop repeating Thatcherite lies.
May 25, 2025 at 7:48 AM
@rachelsylvester.bsky.social , a polite request for journalists to stop spoiling good news stories with harmful economic gobbledegook. The UK is a currency issuing state. The Treasury doesn’t have to ‘find the money’. It has its own currency issuing bank. Please stop repeating Thatcherite lies.
Let the markets take care of tee-shirts and tvs, but our currency issuing state should ensure that every person under its care should have a warm home, the best healthcare, the best education, public transport, clean water and abundant green energy. Can it afford it?Of course.
#LearnMMT
#LearnMMT
May 24, 2025 at 9:58 AM
Let the markets take care of tee-shirts and tvs, but our currency issuing state should ensure that every person under its care should have a warm home, the best healthcare, the best education, public transport, clean water and abundant green energy. Can it afford it?Of course.
#LearnMMT
#LearnMMT
No one is forgetting the assault on workers’ rights. The economic framework you are supporting was invented as part of that same assault. None of it is true and historic data proves it. ‘Debt’ isn’t debt. ‘Borrowing’ isn’t borrowing, taxes don’t fund spending and a fiat nation cannot go bankrupt.
May 22, 2025 at 6:06 AM
No one is forgetting the assault on workers’ rights. The economic framework you are supporting was invented as part of that same assault. None of it is true and historic data proves it. ‘Debt’ isn’t debt. ‘Borrowing’ isn’t borrowing, taxes don’t fund spending and a fiat nation cannot go bankrupt.
He’s a convincing speaker, engaging, sincere - but he’s still a neoliberal - still talking about the US having to raise $s to fund projects… same old, same old. Prepare for disappointment. Until your politicians can escape Friedman’s gravitational pull, it’ll be too little, too late.
#LearnMMT
#LearnMMT
May 15, 2025 at 7:36 PM
He’s a convincing speaker, engaging, sincere - but he’s still a neoliberal - still talking about the US having to raise $s to fund projects… same old, same old. Prepare for disappointment. Until your politicians can escape Friedman’s gravitational pull, it’ll be too little, too late.
#LearnMMT
#LearnMMT
You can’t push a progressive agenda if you still believe your govt has a finite pool of money to spend. I understand that decades of the same stupid lie being repeated over and over make it easy to just repeat it - but the lie is the biggest obstacle to progress there is.
May 14, 2025 at 5:59 PM
You can’t push a progressive agenda if you still believe your govt has a finite pool of money to spend. I understand that decades of the same stupid lie being repeated over and over make it easy to just repeat it - but the lie is the biggest obstacle to progress there is.
Look at that face; that cocky, smug, insolent, brilliant, beautiful face. Already top of the world and he hadn’t even got started.
May 11, 2025 at 3:35 PM
Look at that face; that cocky, smug, insolent, brilliant, beautiful face. Already top of the world and he hadn’t even got started.
@mcuban.bsky.social also doesn’t understand these two nuggets:
1. Federal debt is the US money supply. Reduce the debt to zero - no more savings - for anyone.
2. As a fiat economy, the US can pay any debt in $s no matter how big.
Stop fretting over the US money supply.
1. Federal debt is the US money supply. Reduce the debt to zero - no more savings - for anyone.
2. As a fiat economy, the US can pay any debt in $s no matter how big.
Stop fretting over the US money supply.
May 8, 2025 at 9:58 PM
@mcuban.bsky.social also doesn’t understand these two nuggets:
1. Federal debt is the US money supply. Reduce the debt to zero - no more savings - for anyone.
2. As a fiat economy, the US can pay any debt in $s no matter how big.
Stop fretting over the US money supply.
1. Federal debt is the US money supply. Reduce the debt to zero - no more savings - for anyone.
2. As a fiat economy, the US can pay any debt in $s no matter how big.
Stop fretting over the US money supply.
You should try this…
April 29, 2025 at 9:10 AM
You should try this…
If @davidcorn.bsky.social wants the madness to stop, he would do well to learn from the best selling economist, Prof Staphanie Kelton, that his taxes don’t, in fact, fund (or not fund) anything. Everything is funded by the state with freely produced, fresh new currency. It changes everything.
April 16, 2025 at 12:36 PM
If @davidcorn.bsky.social wants the madness to stop, he would do well to learn from the best selling economist, Prof Staphanie Kelton, that his taxes don’t, in fact, fund (or not fund) anything. Everything is funded by the state with freely produced, fresh new currency. It changes everything.
It breaks my heart, every time I read posts like this 👇🏻 If only more people like @kathygori.bsky.social knew what the US govt actually spent (not her taxes) we wouldn’t be in this situation.
March 25, 2025 at 7:18 AM
It breaks my heart, every time I read posts like this 👇🏻 If only more people like @kathygori.bsky.social knew what the US govt actually spent (not her taxes) we wouldn’t be in this situation.