Top Tweets for #TaxToSpend
@Otto_English With the Tories, they always run out of other people’s infrastructure to sell
There’s no such thing as #TaxpayersMoney
We do NOT #TaxToSpend
The Exchequer marks up whatever accounts it is instructed to with the requisite amount in £’s which is progressively taxed away
#LearnMMT
@meadwaj As a Sovereign issuer of its own fiat currency, the UK DOES NOT #TaxToSpend as the deliberately false Thatcher era trope states. The Government spends, then taxes to negate that spend. It does NOT borrow that which it creates in any meaningful sense as a household does.
@CheeseMacro @billy_blog @sdgrumbine Perhaps some people are just more comfortable being lied to, being fed tropes like #TaxToSpend & #TaxpayersMoney ?
Perhaps some people just ‘know their place’?
@sarahollando552 Successive Governments take us for fools but the #Conservatives most of all. #TaxpayersMoney & #TaxToSpend are Thatcher era tropes deliberately forged to push exactly this faux #NeoLiberal rhetoric.
@ShaunLintern This is, of course, not because the Government has no money. It’s an issuer of its own fiat currency & can pay for any resources which are paid for in £’s, be they infrastructure for #HS2 or 3 trauma surgeons at King’s Majora.
This is political will stemming to £’s to the unit!
From the Financial Times no less.
When are people going to wake up from the dystopian #NeoLiberal nightmare that Govt’s since Thatcher’s time have weaved with their destructive #TaxpayersMoney & #TaxToSpend tropes, that UK Govt’s can run out of money?
You’ve been duped people!
Your reminder from the Financial Times that Thatcher lied. We don’t have to borrow money. Parliament can instruct the Bank of England to issue the money the nation needs.
Government spends money into the economy and taxes it out. There is no such thing as tax payer money
@robert19pearson One of the things I love about #MMT is that it teaches you that , in respect of economic orthodoxical views, that the fabulously garbed Emperor that everyone else is swooning over is, in fact, Naked!
#TaxToSpend #TaxpayersMoney
@premnsikka Great to hear a Politico like you who grasps the power a country that is a sovereign fiat issuer of its own currency has at its disposal Prem.
#TaxToSpend & #TaxpayersMoney is the great Thatcher lie that we must drag out into the light, like the blood sucking Vampire it is.
1/3
What’s interesting about the #Tory lies regarding the need to #TaxToSpend & #TaxpayersMoney is it deliberately draws a direct link between good public services & the need to take higher levels of tax with the intention to put voters off calling for higher quality services so
@DavidMcNab17 Found this explanation on fiat money & #MMT from the other side of the pond yesterday & even they quote that Thatcher invented the tropes of #TaxpayersMoney & #TaxToSpend to curtail voters aspirations for services by drawing a causal link that good services need high taxation.
Interesting thread for the #MMT curious & the stalwart advocates.
‘The dangerous myth of taxpayer money’
“The 80’s Thatcher trope deliberately got it backwards. There is no such thing as #TaxpayersMoney, only #PublicMoney”
https://t.co/JkuAYFT8SU
@DoktorZhivago3 @richyphillips Yes, that was my point
Thatcher’s #TaxToSpend & #TaxPayersMoney tropes were designed to achieve just that, to create a false causal link between Govt spending & the need to tax the population to achieve it, so as to kerb ‘our’ aspirations of Govt re funding our society & services
@PoliticsPollss None. UK is a sovereign fiat issuer of it’s own currency which it can never run out of.
#TaxToSpend is a #NeoLiberal trope to legitimise #Austerity
Glad I could help here.
@malcolm_reavell Or, one of fear. Fear of being ridiculed as economically illiterate by the right wing press and unfit to govern. That is the power of the #TaxToSpend & #TaxPayersMoney tropes. The #Tories have the voters believing it so much they use the #MagicMoneyTree to ridicule other opinions
@BeiderPoole @LizWebsterSBF @Idontmind64 @Markat101 First we have to spike the lie that the UK economy works like a household budget & put the #Thatcher era neoliberal tropes of #TaxpayersMoney & #TaxToSpend to the sword.
@OwenJones84 @DavidMcNab17 @birdman2 The worst thing about people who attack #MMT in an attempt to normalise the #TaxToSpend & #TaxpayersMoney tropes is they, by association, perpetuate the call for #Austerity which really DOES harm the lives of the poor while maintaining the orthodoxy of a privileged rich elite.
@Pamos19 @Davejones0305 Ooh, who would have thought Redwood could ever be found useful ! He rather drops a proverbial hand grenade in the toilet that is the #TaxToSpend trope here.
It’s clear they lie to us about this obvious mechanism for a sovereign fiat issuer economy while using it to enrich donors!
@PoliticsPollss Oppose because it’s totally unnecessary in a country that issues it’s own sovereign fiat currency. It’s just playing into the Tory NeoLiberal tropes of #TaxpayersMoney & #TaxToSpend.
The Govt can afford to fund anything it wants to. It just ideologically decides not to.
@GeorgieSpirit @Ye_Olde_Holborn @Davejones0305 Absolutely right. The old #NeoLiberal tropes of #TaxpayersMoney & #TaxToSpend were coined during Thatcher’s time expressly to control the aspirations of the people of the UK by falsely tying Government spending to the need to collect taxes first.
It is this lie that #MMT exposes.
@malcolm_reavell @paddytoland @DailyMirror @BBCNews This is good too. Easy paced demolition of the #Tory & #NeoLiberal conceived tropes of #TaxPayersMoney & #TaxToSpend
https://t.co/jpxwDK4K6m
@RichardJMurphy And they spend inordinate amounts of time & resources trying to persuade us that our taxes are needed before they can spend, incapsulated in the Thatcherite era tropes #TaxpayersMoney & #TaxToSpend both intended to facilitate #NeoLiberalism
@PDWriter @Britain_People @kitchenwriter Well said. The sooner this persistent line is staked like the Vampire of truth it is, the better.
#TaxToSpend & #TaxpayersMoney are Tory neoliberal tropes to control the voters aspirations for a Government to provide basic first world services.
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