404 MediaWho could have possibly predicted this, besides everyone?
https://www.404media.co/rip-metaverse-an-80-billion-dumpster-fire-nobody-wanted/
Matt
@mattcolantonio
- 4 Followers
- 44 Following
- 61 Posts
@joykill @LilahTovMoon
I guess the Central Bank should read up on fiscal policy too…
I’m not saying anything different than what the govt actually does to spend.
Govt bonds drive up demand for the currency and are safe bc the govt will always pay it back, yes.
The US govt does not spend the same as a household that doesn’t make any sense. In your scenario the govt spends more like the bank, which by issuing a loan (credit) results in deposits in someone else’s account.
@joykill @LilahTovMoon
sorry but I didn’t say we don’t pay taxes, I said they don’t fund the federal govt
The taxpayer myth is used by those in power to enforce austerity and discipline the working class.
When the govt spends, it marks up th reserve accounts of banks- it does not need to first find money from taxes. ie, It spends $ in and taxes $ out- not the reverse
how does it make sense for the govt to be dependent on tax $ denominated in US$ that it creates itself?
@LilahTovMoon in the US
the answer is none since taxes do not fund spending at the federal level.
At the end of the day it doesn’t really matter where the money comes from because war is bad. But a lot of people have the mindset that govt spending is funded by taxes which is just not the case
They always have the money for war bc they have the money for anything they want to spend it on, which makes it worse in some sense.
the imperialist/fascist politics not you that is responsible
the answer is none since taxes do not fund spending at the federal level.
At the end of the day it doesn’t really matter where the money comes from because war is bad. But a lot of people have the mindset that govt spending is funded by taxes which is just not the case
They always have the money for war bc they have the money for anything they want to spend it on, which makes it worse in some sense.
the imperialist/fascist politics not you that is responsible
Democrats Lay Out Demands on Immigration Agents as Shutdown Nears - The Wall Street Journal https://apple.news/AizDUMUkuQ9iGOdeuU0nwmw
This very predictable by the Democratic party- no meaningful action, just pointless reforms. Let’s make ICE wear body cameras- as ICE agents literally video themselves shooting and harassing people. It’s comical stupidity
This very predictable by the Democratic party- no meaningful action, just pointless reforms. Let’s make ICE wear body cameras- as ICE agents literally video themselves shooting and harassing people. It’s comical stupidity
How ICE is using far-right subculture to recruit
Molly WhiteAlso:
• Visa and deportation controversies in the second Trump administration: https://en.wikipedia.org/wiki/Visa_and_deportation_controversies_in_the_second_Trump_administration
• List of deaths in ICE detention: https://en.wikipedia.org/wiki/List_of_deaths_in_ICE_detention
• List of shootings by U.S. immigration agents in the second Trump administration: https://en.wikipedia.org/wiki/List_of_shootings_by_U.S._immigration_agents_in_the_second_Trump_administration
• Targeting of political opponents and civil society under the second Trump administration: https://en.wikipedia.org/wiki/Targeting_of_political_opponents_and_civil_society_under_the_second_Trump_administration
• Visa and deportation controversies in the second Trump administration: https://en.wikipedia.org/wiki/Visa_and_deportation_controversies_in_the_second_Trump_administration
• List of deaths in ICE detention: https://en.wikipedia.org/wiki/List_of_deaths_in_ICE_detention
• List of shootings by U.S. immigration agents in the second Trump administration: https://en.wikipedia.org/wiki/List_of_shootings_by_U.S._immigration_agents_in_the_second_Trump_administration
• Targeting of political opponents and civil society under the second Trump administration: https://en.wikipedia.org/wiki/Targeting_of_political_opponents_and_civil_society_under_the_second_Trump_administration
ABOLISH ICE and let’s maintain the fundamental human right of free movement instead. Borders are arbitrary and fascism is bad
