If all the money ends up in hands of billionaires and their corporations and there will be no money in hands of regular plebs…
Who do you think will have to pay the taxes? Also, the people would figure out a different way of trading or currency. And with that one getting taxed, all the billionaire’s money become worthless.

  • JustTesting@lemmy.hogru.ch
    1·
    2 hours ago

    Uhm, should probably mention that MMT is a relatively fringe theory not supported by most mainstream economists. Saying “there’s nothing controversial here” seems more than a bit disingenous…