Re: modern monetary theory

[robert <http://dummy.us.eu.org/robert>]

 > From: Noelle <noelle>
 > Date: Wed, 27 Feb 2019 08:30:51 -0800 (PST)
 >
 > https://jacobinmag.com/2019/02/modern-monetary-theory-isnt-helping

Interesting.

I think the biggest flaw of the theory is, when it comes time, taxing
people at the top.  Conservatives would never give into taxing the "job
creators".

Nevertheless, if politicians could pull it off, i.e., get around the
federal reserve banks, it could be good.  But, again, I have my doubts.

For example, I don't think the corporate tax rate will ever go up again
after the Republicans passed their tax bill.  (I actually think taxing
corporations is the wrong approach, anyway.  People should be taxed
directly instead.)

If we want to experiment with that in Ca, we'd first need to get
rid of proposition 13's 2/3rds requirement for new taxes.  That should be
priority #1, regardless.