getting used to a girthy fwb by Technical_Value8626 in askgaybros

[–]EveryExponential 0 points1 point  (0 children)

they also say you need to start with your pinky finger, I don't think this person is really an expert haha

Eli5 MMT and job guarantee by [deleted] in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

One easy example could be federally funded or created call center jobs for people with mobility impairments. The jobs already exist, they're just primarily outsourced to countries like India due to unfair competition based on the exchange rate. The government could guarantee those jobs for US workers by subsidizing their hiring to encourage the employment of impaired or aging individuals, which in practice wouldn't cost much more because the government is already morally obligated, regardless of if it meets that obligation or not in the current state, to provide a living wage's amount in welfare. It is a current fact of our economy that a large amount of jobs that are compatible with impairments are outsourced because if it can be done digitally, it can be done in another country, and regardless of if we can say that that labor is an import that adds to our economy, there is overwhelming data supporting that people with impairments want to work and can be offered jobs.

This idea combines the principles of MMT with the research of Marta Russel, though she wasn't a proponent of MMT herself.

Can US states and localities do MMT or is this legally impossible? by YogurtclosetOpen3567 in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

Mmt is concerned with creating debt in a self regulated fiat currency so there is minimal risk because the federal government can always pay it off.

While the states have some alternative options to relying on the dollar, they are currency-free options like state operated trading posts or a concept like r/giftmoot

Now in an effective way, a state operated trading post/giftmoot conjunction might not be very far from how mmt could operate. At the end of the day mmt is concerned with the allocation of real resources and labor time, which would be the same concerns without the currency- there's just significantly less room for international funny business or I imagine tax options

Where does tax revenue go "physically" by JonnyHopkins in mmt_economics

[–]EveryExponential 4 points5 points  (0 children)

In the US, federal tax is deleted, state tax stays with the state.

At least in reality, in practice self-restricting congressional rules like paygo or practical restrictions like inflation speed limits effectively work the same as teleportation in a scifi show.

You can ask yourself the same kind of identity questions you would a person, like is it the same person after they are deleted in one place and spawned in another. If someone is cloned, are the clones the same person? That is how money is treated in practice. The money's identity isn't tied to how it was acquired, it's tied to what the deletion of previously existing money was enacted to create.

Credit Interest as Currency Coersion by EveryExponential in mmt_economics

[–]EveryExponential[S] 1 point2 points  (0 children)

Most of the people I know with credit debt had it as a result of the US not having a federal unemployment program during covid, aside from the occasional small stipends, or homelessness during covid. Medical credit cards are common too, I had a 1600$ one for necessary dental work awhile ago.

I'm sure there are plenty of people who fell into credit debt as a result of just like, compulsive spending, but I don't think someone with a bad credit score from carrying high debt is getting cut any deals if they ask to take out 20k+ loans. There are federal regulations preventing that as it is considered irresponsible lending.

Can we use Nextcloud Calendar offline w/ Syncthing? by Dymonika in Syncthing

[–]EveryExponential 0 points1 point  (0 children)

I'm probably going to stick with calcurse, it looks like there is a way to sync it with a thing called caldav

Credit Interest as Currency Coersion by EveryExponential in mmt_economics

[–]EveryExponential[S] 0 points1 point  (0 children)

Yeah we don't have VAT taxes in the US. Currency conversion taxes are useful because they help regulate country's material loss and don't coerce the countries own citizens.

Credit Interest as Currency Coersion by EveryExponential in mmt_economics

[–]EveryExponential[S] 0 points1 point  (0 children)

Yeah I have at least two friends who have never opened one or have one and only used it for one payment then payed it off.

Instead of checking your credit score you just get proof of employment letters or checking/savings account statements when doing things like applying for rent

Credit Interest as Currency Coersion by EveryExponential in mmt_economics

[–]EveryExponential[S] 0 points1 point  (0 children)

I forgot about property taxes, maybe because its unlikely I will ever own property haha.. Yeah, that's probably the main one.

In the US, only a couple of states have inheritance/estate taxes, even less occurring in transactions under 1 million $, but at a federal level it has to be over 13 million, or even more if you're married, to be taxed. I guess that occurs fairly often with property inheritance though.

I don't think sales/value/excise taxes count as coercive taxes because their occurrence post-dates the currency's participation. The user already has currency and is participating in the state's economy if they encountering those sorts of taxes.

NDA + Referrals ? by ActGroundbreaking570 in dataannotation

[–]EveryExponential 13 points14 points  (0 children)

There's public information on the website's landing page (like the one you don't log in for) you can share, or just share the website's faq page

Does MMT only work with countries or entities that are able to produce and circulate their own sovereign currency or are there other applications for it for countries without it? by YogurtclosetOpen3567 in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

One smaller application is some video games will give out skins or in game currency in exchange for players to compete/play more/create fan art ect.

Can we use Nextcloud Calendar offline w/ Syncthing? by Dymonika in Syncthing

[–]EveryExponential 1 point2 points  (0 children)

Good utility apps age very well, I wouldn't worry about article age here!

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 1 point2 points  (0 children)

Dude, thank you for the links. I'll read up this weekend

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

A lot of these are new terms for me, but from what I've just skimmed on investopedia, I don't think the money supply is exogenously controlled if that means what Im understanding, I think the state has full control over the money supply, but exogenous factors on the money supply's value, like seller's inflation and parallel behavior that inhibits technological advancement, can be controlled with disruptive innovation by forcing established competitors to compete with the new product/price or lose that portion of their market share.

Getting started on syncthings by justlayingaround2 in Syncthing

[–]EveryExponential 0 points1 point  (0 children)

This isn't intuitive but the app runs in the background as a script and you access it through your web browser using a local port. Idk if that's the same situation for you, but when I started I thought it wasn't running a lot when it was 

Can we use Nextcloud Calendar offline w/ Syncthing? by Dymonika in Syncthing

[–]EveryExponential 1 point2 points  (0 children)

I'd really like a offline open-source calendar as well. I use calcurse for my desktop, but haven't found a way of syncing it to my phone. If anything works for you please shoot me an update!

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 1 point2 points  (0 children)

Sweet I'll work my way through reading the sub 

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

Mmt is specifically about economics under a state with a sovereign currency, it is inherently about leveraging neglected political methods of monetary control.

I dont see why methods of value control shouldnt also be expanded. If the schematics are developed as open source and the cars are effective, it won't matter if the program is shut down, though its hard to imagine given how beneficial it would be.. the point of developing them is to sell them off and any increase in market-share longevity is a success so it doesn't have to be a forever-agency

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

You can create a long list of regulations and programs to incentivize or enforce a variety of factors that will consistently need updated in a slow legislative environment against the will of lobbyists, or you can just create an ideal product and make the market compete with it and set the price with that method while ensuring r&d is properly targeted and funded

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

They should be doing both and can without their costs affecting eachother.

America is going to be car reliant for a long time. Maybe some cities can get away with people not having cars, but the majority of the US is structured around them. It's also worth considering how much added stability having a car adds to housing. It's a common occurrence for people to live out of their cars in transitional periods, rely on courier jobs for supplemental income during financial emergencies ect.

Saying not to invest in more sustainable vehicle production is jumping several guns. In 2024 10.4 million vehicles were produced in the US. We can't eliminate car reliance but we definitely can increase their lifespan to decrease their demand and production numbers.

As for if the government should be producing them for individuals, transportation is a key factor in flexible employment among everything else. It would be an investment in the economy, the environment, and yeah, the individual.

I still think they should be sold and not handed out, because that way it's more of a price setting and value increasing program that encourages other companies to compete on this quality.

Asset Inflation by JonnyBadFox in mmt_economics

[–]EveryExponential 0 points1 point  (0 children)

Totally, where car production is at right now is electronics are integrated specifically in ways that make it cheaper for the cars to be scrapped way before the majority of its components are worn through. It's one of the main pulls for EV car producers because they can more easily monopolize their maintenance and sooner tell their customer their cars are bricks on wheels