The topic of social security has been very popular recently, Actually, solving social security is very simple, MMT (Modern Monetary Theory) 1. Taxation has significant costs and destructiveness, If the government spends 100 million yuan, So, adding tax costs, we need to collect 150-200 million yuan from society, Causing a tax burden cost and damage of 3-4 billion yuan to society. 2. So solving government spending, The lowest cost method is MMT, which directly prints money, Indirect taxation from all holders of fiat currency, The government is not allowed to collect taxes, fees, or any other voluntary income, Only a fixed annual printing quota of n% is allowed. For example, the Federal Reserve's target is a moderate annual inflation of 2%, Assuming an annual GDP growth rate of 2%, So the government can print 4% of the money every year. 3. Printing money at 4% is a figurative statement, The actual method is for the government to borrow money from the central bank every year, Borrowing new to repay old, never repaying, Printing 4% of money every year=borrowing 4% of m2 for current year expenses. 4. The benefits of MMT are obvious, a、 There is basically no damage to tax costs, Through the method of inflation, Receive taxes from all holders of fiat currency. b、 Tax equity, Printing money is a tax levied on those who hold fiat currency People with more money receive more, while those with less money receive less, Poor people without fiat currency will not be taxed. The risk is also very obvious, Even through the Constitution, the Federal Reserve, and other means, Limit the government's direct printing limit, It is also likely to be broken through, Ultimately, it leads to excessive currency issuance and vicious inflation. 5. As long as you take off your pants, you'll have a wider range of opportunities, For example, how to solve the wealth gap? 1% fixed printing is used to send money to everyone, That is to say, UBI (Universal Basic Income), Universal Basic Income）， As long as it's a living person, Regardless of social status, age, or gender, Every month without hesitation, The account automatically sends 1000 yuan, Do you like it or not? 6. But MMT may be the only solution, The United States is actually already MMT, Annual huge fiscal deficits, Unlimited borrowing of new and returning of old, No one would ever think that the US government, Still need 40 trillion US treasury bond? It's similar globally, Annual fiscal deficits are the norm for governments around the world, Is it possible for any country to repay its treasury bond? No, so MMT is an inevitable trend in history. Just the current US government, Enjoying the benefits of MMT, But failed to fulfill MMT's obligations, Even through taxation and other means, Harming the economy. The wheels of history roll forward:)