Lol. Of course they can.
You tax 5,000 Bitcoin to pay for healthcare from citizens.
You now have 5,000 Bitcoin to spend on said healthcare.
Sounds money, spent on socialist program.
Or 100 Bitcoin taxed for roads.
Spend 100 Bitcoin on a new road.
You don't need fiat to tax and spend.
sure, but once its gone its gone....they cant do the fed bank, to bond to retail bank thing.
Huh?
Do you think that the Bitcoin just is sent to a burn address because it is a road or healthcare? 😂
The state or whomever would collect the Bitcoin, and spend it.
By spending it, they are paying direct employees, contractors, road builders, doctors, hospitals, asphalt companies, and on and on.
They now have redistributed the taxed Bitcoin to new people in different amounts. They then buy homes, food, etc .
Listen, I am not arguing this is an effective use of capital or that socialist programs are good or in any way better than free markets.
But sound money absolutely allows for socialist programs, IF the people agree to share and spend and redistribute.
sure, but if the supply is limited and the value is high, why would they just flitter it away on crap they do now. I hope so anyway.
They wouldn't. They would need more direct buy in from the populace.
Like war bonds. Before this insane fiat level, to pay for war you needed to raise money via bonds or taxes over time to pay for it.
We absolutely still had war under gold standard, but they took more breaks to collect money, sold it more to the people, and couldn't just drop bombs in the desert whenever they wanted.
