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Cake day: July 3rd, 2023

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  • The US is a financial sovereign. It has the monopoly over its currency: You don’t need the rich ! Govments within a financial sovereign can decide/agree in congress to pay for things they want with the only limit being that the thing/service is available in that currency. It’s called MMT, as american as apple pie, and no MMT is not communist.

    Why do the rich hate MMT? Because they get paid risk free interest by offering the guvment their money.



  • On federal level the deficit is actually the sum of wealth the US gov injects/ed into its economy. There is no such thing as ‘my taxdollar’ on fed level. The gov proposes policy, congress ok’s it and FedRes pays the bills. Through creation of new money from the 12 magic computers Elon discovered during his doge tenure.

    Not so on state level: states have no monopoly over a currency and have to hold up their own pants or go bankrupt. ‘My taxdollar’ absolutely applies on state level.

    Source: MMT/Sectoral Balances


  • amniote@lemmy.worldtoFlippanarchy@lemmy.dbzer0.com¯\-(ツ)-/¯
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    1 month ago

    If your country is a financial sovereign -ie has a monopoly over its currency - then taxation’s only role is to create demand for that currency. If you don’t pay taxes in the currency of your sovereign, it will throw you in jail. The concept of ‘my tax dollar pays for your salary, Officer’ is nonsense on a Federal level. The government democratically decides what projects it will finance, and the central bank pays the invoices thereof, with money it creates from thin air. People/companies accept the governments money for their service because they are assured the govenment will accept their taxpayments in the same currency… That is how money enters the system, the sovereign creates it. But on a State level though ‘my tax dollar’ is very real, coz the State is not a financial sovereign! While a State can go broke a finan sovereign can never accrue real debt in its own coin unless it chooses so. To pay interest to the financial sector, or pay into pension funds. A budget deficit is actually wealth that a sovereign injects into its society not sth that needs paying back.

    It’s called MMT and you should study it.

    NeoClassics say : the world has infinte resources, but… there’s not enough money. We have to get the money FIRST!!!

    MMT says the inverse: money is created on 12 magic computers as Elon learned, thats easy. The hard part is finding the real resources. If they’re scarce, what are our priorities as a demicracy ? That’s the better question!





  • You’re missing the point. There’s 2 kinds of economic schools: Tax first, then spend it. And the other school that says 'decide democratically what you want to do, then do it by buying goods/services in your own currency. When the invoice arrives instruct the central bank to pay for it. Why do you still need taxation ? To force the locals to accept your currency for them to pay your tax. That also a big part if how money gets created in the first place. And the recognition that ‘the state’ is a source of wealth instead of the tax satan between buyers and sellers. I love the EU. But we need that democracy and government that issues policy and injects wealth. China and US understand their fiscal power. But we’re stuck with stupid Dutch and Germans who don’t understand what Nixon really did.


  • Although I’d welcome the idea, there is an important caveat : Canada is a financial sovereign now but would have to give that up. All countries in euroland use a foreign currency called “the euro”. We have a central bank but no central government. Members are expected to finance themselves on the private market. Where as today Canadian government can buy any local goods and services it wants as long as they’re priced in canadian dollars. EU is great but needs to fix its design faults before we can expand again



  • amniote@lemmy.worldtoMemes@sopuli.xyzCope
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    6 months ago

    Hey I have muslim friends. They’re just human beings. Good ones at that, and no different from me. All believers in ‘big daddy in the sky’ are nutcases. Whatever the flavor. Go ahead , call me a kufar coz that’s what I am. I also donated €500 when Atsjee was flooded. You can figure that one out by yourself.






  • Debian user here. All people have a doorkey. Some people have an alarm system as well. Infosec is about ’ what do you have and what do you know '. So in principle TPM is a defencible argument. You should absolutely bail from MS products for different reasons. Like privacy. Your PC isn’t yours anymore. Your NPU will reduce THEIR costs. Etc.

    Don’t enter Linux thinking its a drop in replacement. Go slow and do ‘ships in the night’. Move data over to the new ship. Start embracing OSS on windows, it’ll be familiar when you finally bail. G luck.


  • I’m not sure it’s going to work like you hope it will. Your enclosure can run ‘raid’ but zfs doesn’t like raid. As far as ‘jbod’ thru one esata cable…thats not how zfs likes it either.

    Your best bet is to buy a m2/nvme to 5 sata port adapter so zfs can distinguish each drive. But then… the question is if your enclosure allows that.

    I love mini pc’s but for zfs there’s not a lot of wriggle room. High end ones have dual nvme ports allowing for zfs mirror. Other than that you’ll have to go said sata_nvme + an enclosure that powers all disks but allows for individual sata cables. It’s gonna be clunky macgyvering too.

    If I’m wrong I’ll accept the flak.