FuckyWucky

just as the US as it stands could technically print its way out of any economic hard spot

It depends. There is no such thing as money printing, not just in the sense that money is electronic entries now. But that the money has to "printed" first before being taxed.

The school textbooks tell you taxes pay for Gov spending. But where did people get the money to pay taxes with? It must have been created first.

All money has to be created first. Banks do it by giving loans, Government does it by spending. Bank money and Government money are the widely accepted forms of money.

I'm not saying US can "print" its way out of problems. But the US can mobilize unemployed/underemployed domestic resources and put them into better use.

Farage is indistinguishable from current "Labour" Government in that they both support austerity. Which leftist is he trying to woo. He will kick out all the immigrants, then what? Will life improve? No in fact it'll be worse.

To pay for it, Farage is promising to end the government’s commitment to net zero, scrap diversity and inclusion schemes and stop housing asylum seekers in hotels or houses of multiple occupancy. Economists said his working was riddled with errors, such as including private sector investment as part of his calculation for how much he could save by ending environmental spending.

Again, why should he "pay for" tax cuts? Does he fear being ousted like Truss even if he's elected?

“Reform’s economic plan means either an explosion in borrowing, pushing up mortgage rates or swingeing cuts in public services like the NHS,” Ashworth said. “Given this is terrain Labour want to fight an election on, Reform have just walked into a trap and Labour strategists will be rubbing their hands with glee.’

Yes blow up the borrowing. As for mortgage rates, build public housing.

Of course, none of them are going to do anything. Not even the Greens or SNP or whatever, they are all afraid of the market gods.

If it is done like that, the government must be willing to add enough money to the fund always if its running low. No excuses like "we can't pay for it because people are ageing" etc.

And unemployed/self-employed ppl should also get similar "insurance" for free, it must be universal in nature.

And corporate taxes should really be seen as a way to reduce private profits and inequality than a funding source. Funding precedes taxation. So the capitalist goes to a bank, the bank adds numbers to their bank account (and a similar loan account), they hire workers, workers create stuff, they take profit from workers, bank is paid back, some of the profit is taxed.

Is that really needed? State should pay for it. Have the state owned hospitals charge nothing for treatment.

Private companies will pay corporate tax not tied to anything.

I think having employers "pay" could result in a situation where the Government claims it can't "afford to" provide Healthcare due to lack of inflows into the fund or too much outflows due to ageing population. Like what happened with Social Security "fund" in the U.S.

Of course, I'm not saying it WILL happen, but I don't think such "funds" are a good idea long term.

On the other hand dollar index still hasn't recovered much. So much so that you now have to use Euro or Pound to measure relative "strength" of third world currencies.

yes, Kerala has a huge diaspora bringing in money from abroad (which is especially beneficial because of exchange rates). It's not the Kerala Government policy to forcibly send workers to Gulf States. People go there because where you earn $250 in Kerala, you earn $700-$1000 abroad. Is that good? No, but the people aren't going there out of sheer desperation.

Should the current Mexican Government (or even the previous ones) be blamed for undocumented immigrants working in terrible conditions in the US? No.

communist insurgency in India going on right now

it's mostly 'crushed', the state is now just killing tribal people. Maoist actions used to be daily news in the 2000s and early 2010s but now it's much rarer.

i'd rather be led by these guys than the BJP don't get me wrong but can we stop watering down the ideological content of "communism" and start taking a more critical attitude.

Vietnam has started sending its workers to Israel. China has continued its trade with Israel when it could've destroyed Israel's economy. Communist countries with sovereign powers are engaged in cheap opportunism. Yet, I still support them in the way they have developed compared to other global south countries.

CPI and CPI(M)'s stance was tailism, they supported the war because there was public support for the same, I don't agree with it but that doesn't change my support in general.

They are making use of the limited financial resources and autonomy they are provided by the Indian Central Government. I hope the LDF wins again next year. Unfortunately, there are certain well-off liberals who want to bring back the extremely corrupt and incompetent UDF Government.

Either way, they aren't taxing just the rich ones. It includes all non citizens.

I think it'll have some effect on remittances but it's really easy to bypass.

https://www.ft.com/content/1803e03d-9996-46cd-beef-a6694edaf68e

What a stupid idea, trying to do capital controls on a freely convertible currency. That's what this is btw, capital control, western institutions whine about third world countries imposing such controls to prevent rich people from running out on domestic currency. US is trying to impose the similar controls on underpaid migrants.

Is it tax evasion to send your money to a US citizen friend who then sends it to your relative in India? I don't think anywhere in the bill it is mentioned to be the case. How can this even be enforced? Capital controls must apply universally to be effective, but any universal tax on outflows undermines the Dollar's international value itself.

I'm gen z when I was 12, smartphones were kinda shit and most people in my country couldn't afford it, so everything was on desktops. I think that worked as a good control.

Social media only became widespread by 2016 and most had phones by then, everyone was on Facebook, Instagram and all that. I don't think it was too damaging. But then again, short form content wasn't much of a thing.

I think short form video content is especially damaging, I have many times fallen for it myself with tiktok and shorts. You end up watching hundreds of videos on very different topics, it's a time suck. There needs to be tight controls on these for everyone, adults and minors, max 30 minutes a day or something.

Not many are watching Andrew Tate's long form videos, they watch short 1 minute clips.

"Holodomor"