Steve Randy Waldman
@interfluidity.com
"since JFK and especially since Carter/Reagan…US has been losing its ability to tax the rich. It has increasingly chosen to tax the rest of the world, moving industry…to other countries [who] made what the US needed, and sold it to them in USD" @ianwelsh.bsky.social www.ianwelsh.net/the-proximat...
The Proximate Cause Of Revolutions Is Inability To Tax & The US Is Well Down The Road
Link Preview: The Proximate Cause Of Revolutions Is Inability To Tax & The US Is Well Down The Road: —And thus, inability to run the state. In the modern world this causes a great deal of confusion. I guarantee some MMT follower is gleefully planning a comment saying "a state's ability to spend is no...