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1. Kermode (gemlog@tilde.zone)'s status on Wednesday, 20-Sep-2023 19:18:43 JST Kermode

   • Strypey
   • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
   • MMR Nmd

   @melanie
   Wonderful! :-)
   If you have an audience who needs to know these details, your fellow fedizens are here to help!
   The first image shown below I got courtesy of our friend @strypey in this thread https://mastodon.nzoss.nz/@strypey/111082830456787422
   Our other mastopal had an objection about percentage GDP. Just ignore the joke I replied with and read further down the thread for some other ways I spurgled out into the keyboard for how public services may be sabotaged and hijacked by capitalists.
   Our friend @anniemo71 gifted me with the chomsky image just today too.
   Remember: We're all in this together. Keep your stick on the ice! :-)

   @MMRnmd

   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Wednesday, 20-Sep-2023 19:19:07 JST Disinformation Purveyor :verified_think:

     in reply to

     • Strypey
     • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
     • MMR Nmd
     @gemlog @melanie @strypey @anniemo71 @MMRnmd I'm confused because tax cuts don't starve the government of funding. They print what they need now and we just have to pay it on the back end. A tax cut slows down repayment but they borrow way faster than we can repay so it isn't really doing anything but increasing the deficit which only matters if you care.
   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Thursday, 21-Sep-2023 18:10:10 JST Disinformation Purveyor :verified_think:

     in reply to

     • Strypey
     • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
     • MMR Nmd
     @strypey @melanie @gemlog @MMRnmd @anniemo71 I don't mean literally print but they borrow money that didn't exist prior to them borrowing it. The taxes are meant to repay that debt but
     never will. If Congress wants to spend more money they just "raise the debt ceiling" (a trick I wish was available to us all lol).
   • Strypey (strypey@mastodon.nzoss.nz)'s status on Thursday, 21-Sep-2023 18:10:12 JST Strypey

     in reply to

     • Disinformation Purveyor :verified_think:
     • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
     • MMR Nmd

     @thatguyoverthere
     > tax cuts don't starve the government of funding. They print what they need now

     Not since the 1980s, when the power to issue new money was delegated to trading banks. The central banks still supervise the issue of new cash (and the destruction of worn out old cash), but that's not the same thing. That cash is issued to the public as a token representing money that already exists in their accounts.

     @melanie @gemlog @MMRnmd @anniemo71

   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Thursday, 21-Sep-2023 18:12:52 JST Disinformation Purveyor :verified_think:

     in reply to

     • Strypey
     • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
     • MMR Nmd
     @strypey @melanie @gemlog @MMRnmd @anniemo71 I'd be happy to see military budgets reduced. I also think there are a lot of other places we could trim fat. Maybe not paying the staffers in Congress 200k+ could save us a few cool mil for example.
   • Strypey (strypey@mastodon.nzoss.nz)'s status on Thursday, 21-Sep-2023 18:12:54 JST Strypey

     in reply to

     • Disinformation Purveyor :verified_think:
     • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
     • MMR Nmd

     @thatguyoverthere
     Hands-off neoliberal monetary policy goes hand-in-hand with 'handbag economics'. Where governments are always expected to run budget surpluses, even when the real economy is growing and it would make more sense to issue new money, by running deficits. If you can't run deficits, the only way to give tax cuts is by cutting spending. Always, for some reason, on public infrastructure and social services, not the military budget, for example.

     @melanie @gemlog @MMRnmd @anniemo71

   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Thursday, 21-Sep-2023 18:15:24 JST Disinformation Purveyor :verified_think:

     in reply to

     • Strypey
     • Disinformation Purveyor :verified_think:
     • anniemo 🏴󠁧󠁢󠁷󠁬󠁳󠁿
     • MMR Nmd
     @strypey @MMRnmd @anniemo71 @gemlog @melanie I don't think inflating the economy is a "tax break". If get to keep an extra 20 a day but the cost of living increases 30 I'm in a worse spot, and still that's assuming they give you a break after inflating which I've never seen.