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The premise of arguments for "investment" (which is NOT savings; it is rent of disposable credit and income held by propertied persons to dispossessed persons ) relies
not on reported GDP or GNP total transaction value (which does NOT identify real disposable income per person or HH in any period or one jurisdiction; it calculates an average value independent of what dependent values?)
but the supposition that "austerity" policy (a neologism, IMF structural adjustment programing terms for USD loans) inhibits transfers of wealth ... to the wealthiest "chasing yield":
The financial markets are effectively begging these governments to borrow more money, but they refuse to do so.
The best part of this story is that they don't need to raise taxes to pay for this spending ...but for now, these countries are needlessly leaving money on the table while the planet burns.
What if EU gov is working out how to tax private enterprise (corporate revenue) without passing the cost through to consumer-wage-labor, the public tax revenue is unencumbered income collected in government treasury, when it is not budgeted against interest payments. Full stop.
NEW! "green economy" frauds are rife with naked profit schemes and cliches that have no place in societies which claim to seek equity for all after the behavioral epiphanies, or "extinction rebellion," takes hold.
Lemme show, again, how casual, invidious opposition to "progressive" tax authority is, in case you missed any of the DNC Climate Crisis road show, did not read Impact of environmental tax on green development, forgot what you learned from discussion og WHO PAYS FOR THAT?, or you never fully apprehended a "stakeholder" relation to Mr Market.
Breakingviews - Door cracks open on U.S. housing reform
The door has cracked open on U.S. housing reform. Treasury Department officials want to get Fannie Mae and Freddie Mac, the two agencies that underpin the country's home-financing market, out of their post-financial crisis limbo.
Fannie and Freddie have been in "temporary" conservatorship for 11 years - a state whereby the two mortgage giants, which needed a $187 billion bailout a decade ago, are privately owned [?!] but under the thumb of their regulator, the Federal Housing Finance Agency.
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