000			01359nam a22001577a 4500
999			_c514867 _d514867
008			201225b ||||| |||| 00| 0 eng d
100			_aBaker, Andrew. and Murphy, Richard. _921888
245			_aModern monetary theory and the changing role of tax in society
260			_aSocial Policy and Society
300			_a19(3), Jul, 2020: p.454-469
520			_aTheory (‘MMT’) presents a reversal of the tax-spend cycle, by identifying a spend-tax cycle. Using the UK as an example, we highlight that one of MMT’s most important, but under-explored, contributions is its potential to re-frame the role of tax from both a macroeconomic and social policy perspective. We use insights on the money removal, or cancellation function of taxes, derived from MMT, to demonstrate how this also creates possibilities for using tax to achieve social objectives such as mitigating income and wealth inequality, increasing access to housing, or funding a Green New Deal. For social policy researchers the challenge arising is to use these insights to re-engineer tax systems and redesign social tax expenditures (STEs) for creative social policy purposes. - Reproduced
650			_aTax, Modern monetary theory, Social policy, Modern tax theory, Money, Debt, Government _919853
773			_a Social Policy and Society
906			_aMONETARY THEORY
942			_cAR