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Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’
(www.huffpost.com)
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this post was submitted on 02 Mar 2025
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politics
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How should it be run, like a Keynesian, an MMT, a monetarist, something else?
MMT is how it's currently run, and that's fine if we didn't schizophrenically fuck up that path every four years by trying to pretend taxes pay for spending like a business.
Realistically, though, the government should just distribute the resources necessary for life, utilizing whatever means necessary to obtain and redistribute those resources equally without harming anyone's basic human rights.
Money, currency, etc is for trading with outside forces. That's what it was developed for. Trade with people you don't trust. For the majority of human history local economies ran entirely without currency being involved, with it only being needed for trade. It was fine, it was better locally.
We can even more easily implement a sharing or trust based local economy now that computers are a thing, and we can easily distribute and equalize necessary resources for the same reason.
Except then you couldn't obtain capital, and couldn't rent things. And without rent you can't become obscenely rich. So we can't have that.
Personally, I am starting to think a nation should have 'internal' and 'external' currencies. The latter is for engaging in trade between nations and corporations. The internal currency is just to optimize the supply and demand of things between citizens, corporations, and the government, but the income is fixed. This theoretically would prevent inflation, since income doesn't change for even the most wealthiest members of society.
By doing it this way, the internal currency can have different rules and values from the exterior. What I have in mind is a 'wealth band' of sorts, using Universal Ranked Income to make income fixed for a job class. There can be absolute caps on wealth, at $100k for income, savings, and assets. Something like the following: