How can non-Western countries use mmt?

mmt says we should not worry about goverment deficit itself, but rather about whether government spending is causing inflation

Peru as an example seems to be leaving a lot of meat on the bone for mmt'ers:

Year Inflation (%) Fiscal Deficit (% of GDP) Real GDP Growth (%)
2020 2.00 -8.19 -10.9
2021 4.27 -2.49 13.4
2022 8.33 -1.38 2.8
2023 6.46 -2.74 -0.6
2024 2.01 -3.53 3.5
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u/busyHighwayFred — 4 months ago

When George was alive, land made up proportionally a much larger part of the economy.

Thats why it was originally a single tax party. A single tax is not feasible now IMO. Additionally, we would want to tax extraction of nonrenewable resources: oil, natural gas, nuclear.

What other tax policies should we want to have?

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u/busyHighwayFred — 4 months ago

CMV: Exposing children to second hand smoke should be illegal

I grew up around indoor tobacco and marijuana smokers (and they smoked legally indoors around children). Children usually do not get a choice concerning their location (this is decided for them). I believe this for any type of smoking (tobacco, marijuana, crack). Exception if it is just water vapor vapes. If the vape is actually marijuana or tobacco, it applies.

IMO there should be 2 levels of offense to this: outdoor and indoor, where an indoor 2nd hand smoke charge would be more serious than an outdoor 2nd hand smoke charge. I am for freedom for most things, but this seems ridiculous that in legal states you can smoke weed at a children's playground.

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u/busyHighwayFred — 4 months ago