Progressive MMT Party 🦉🗳🖊💞✨💰🌳🦉
@MMTProgressives
A Political Party to Vote FOR | Real Progressive Policies based on #MMT (Modern Money Theory) and Compassionate Inquiry | #ProgressiveMMTParty
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Progressive MMT Party Policies: - Suspend Payroll Taxes - Grants for State Governments - Federal Job Guarantee #FJG - Universal Healthcare #M4A - Expansion of Social Security - Make Banking Boring Again! - Private Debt Forgiveness - Student Loan Cancellation
1. Congress passes a spending bill for these policies. 2. The President signs it. 3. The Treasury directs the Federal Reserve Bank to credit the appropriate accounts. 4. and... DONE! No tax dollars used. Federal Government Spending is MONEY CREATION!
If government doesn’t spend tax revenue, how does it finance its spending? It SPENDS its currency INTO EXISTENCE. In modern economies, this is accomplished through KEYSTROKES that credit bank reserves, with banks crediting accounts of recipients.
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