Bobby. wrote Today at 4:39pm:
thegreatdivide wrote Today at 4:19pm:
Hence my work promoting a new system, to replace the current dysfunctional Neoclassical system in which government debt keeps growing despite the best attempts at 'fiscal discipline' to "balance the budget" (which Reeves and Chalmers are contuinually bleating about, while the US is merrily increasing its debt via the Big Beautiful Bill), resulting in enforcing 'austerity' on low income groups, thus destabilizing democracy itself.
But your ideas evolve around unrestricted and reckless money printing
which destroys peoples savings and causes inflation.
(Again) from #1322, an outline of an alternative system enabling government to escape 'Catch-22':
<<A combination of 'central planning' and private enterprise.
1.Cancel the bond market, so governments aren't paying interest on bonds.
2. Ensure the resources needed for vital public services are available for purchase[/u], before issuing the (free) 'public money' needed to purchase them.
3. Let private enterprise rip within the confines of 1 and 2.>>
.........
Note: point #2 addresses "unrestricted and reckless money printing"; the resources mentioned (labour and materials)
must be available for purchase by the government by decree if necessary ( hence the 'central planning' element) BEFORE treasury can issue the required money which will be issued at no cost, ie interest free, to the
currency-issuing government. This will ensure inflation is avoided, because there will be no excess demand on available resources; this addresses your concern re inflation.
I think you missed the heading of the plan:
"A combination of 'central planning' and private enterprise".
Quote:Did you know that if you have money in the bank -
This thread is about government funding itself with public money, not your taxpayer money.
And the part-central-planning system I described above, with a mandated full employment, zero central-bank interest-rate policy (ZIRP) will ensure inflation is contained, hence the money you earn and save will be secure.
Quote:you have to pay tax on the interest you earn? -
that is regardless of how much you have lost due to inflation?
Adressed above; your savings will be safe from inflation.
Quote:I got hit a while back with provisional tax -
on money in the bank - before I'd even earned any interest. WTF?
It was hard to get out of it too -
even when I spent all that money buying a house
they still kept sending me invoices - pack of arseholes.
They go after the little guys and let 1/3rd of the largest companies
pay ZERO tax.
Yes, such is the current exploitative, dysfunctional Neoclassical system which extracts 'taxpayer money' from the citizens.
Better:
https://publicmoneypublicgood.net/Public money will ensure YOUR money - no longer required to fund the government (rendering "taxpayer money" obsolete) - is safe from the current dysfunctional Neoclassical system.
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