Tax works
Funding the Future
Tax works
As I often note, there are six reasons to tax, which I usually summarise as follows in a way that reflects my thinking about modern monetary theory...
 Tax is the single most powerful instrument any government has to deliver change in the society it is responsible for. The problem is twofold. First, too many governments think tax is just about raising money. Second, too few governments want to upset the status quo.
Reeves suffers from two problems, and both are of her own making
Funding the Future
Reeves suffers from two problems, and both are of her own making
According to Politco: Rachel Reeves is preparing to face down the business leaders [today] who say her tax rises will cost jobs and endanger the g...
 Reeves is claiming she had no choice but make the decisions reflected in her Budget. That, though is not true. Thone decisions were the results of the own mistakes, and now she’s sticking to her guns and making things worse. She could change her mind, and everyone knows that’s what is required if the economy is to avoid a recession.
Does Trump really understand government, or is he going to run it like a business? Trump’s new government looks as though it is going to be made up almost entirely of people who have no clue about what government is but think it can be run like a business. The trouble is, the two are nothing like each other and as a result things could go horribly wrong, very quickly, for the Trump administration.