Fight for Decency

Modern Monetary Theory (MMT) offers a different lens on government spending, taxation, and economic policy—one that, if adopted by policymakers, could yield several potential benefits for working-class people. Here’s how:

⚙️ 1. Full Employment Through a Job Guarantee

• Core MMT Insight: A government that issues its own currency can afford to fund a job guarantee program.

• Working-Class Benefit:

  • Everyone who wants a job could have one at a living wage, reducing involuntary unemployment.

  • Helps stabilize income, reduce poverty, and increase bargaining power for low-wage workers.

💸 2. No Need to Fear "Deficits"

• Core MMT Insight: Sovereign currency issuers (like the U.S.) can’t "run out of money" the way households or businesses can.

• Working-Class Benefit:

  • More social programs (healthcare, childcare, education) can be funded without austerity or tax hikes on the working class.

  • Helps resist cuts to welfare, pensions, or public services in the name of "balancing the budget."

📈 3. Empowers Fiscal Policy Over Monetary Policy

• Core MMT Insight: Inflation should be managed through targeted fiscal policy (spending/taxing), not just interest rates.

• Working-Class Benefit:

  • Prevents the central bank from raising interest rates to slow inflation—which often leads to job losses.

  • Protects employment and avoids recessions driven by overly tight monetary policy.

🧾 4. Taxation for Social Good, Not Revenue

• Core MMT Insight: Taxes don't fund spending; they create demand for currency and manage inflation.

• Working-Class Benefit:

  • Opens the door to tax reform focused on equity and redistribution rather than deficit reduction.

  • Shifts the narrative: working people don’t need to “pay for” everything through taxes.

🏥 5. Greater Public Investment

• Core MMT Insight: Governments can invest in infrastructure, healthcare, and education without "paying for it" in traditional terms.

• Working-Class Benefit:

  • More robust public services that reduce out-of-pocket expenses for ordinary people.

  • Improved quality of life through better transportation, housing, and environmental sustainability.

🛠️ Summary of Key Benefits:

MMT Policy Ideally benefit to Working-Class People

Job GuaranteeFull employment, higher wages, better conditions

Rethinking DeficitsNo austerity, more social spending

Focus on Fiscal PolicyJob protection, stable economy

Taxes as a Policy ToolFairer tax system, no fear of funding shortfalls

Public InvestmentFree/affordable public services