Occasional Tweets: Public deficit/national debt function as mega-redistributor for the benefit of the Oligarchy

 

#MMTservesTheOligarchy

For #PublicDebt holds #WeThePeopleOwesIt and #OligarchyOwnsIt. This #CashCow produces interest for the #Oligarchy which is taxed from #WeThePeople. #DeficitSpendingMoneyCreation, i.e. growth of public debt is always a bad deal for #WeThePeople.

— E.K-H (@AXECorg) October 22, 2021

For the full-spectrum refutation of MMT see cross-references MMT.