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Tax money isnt "wasted" as it doesnt pay for goods or services. If anything, the waste is the propaganda to push the idea that taxes cover government expenses. But that too is just a jobs program to keep drones occupied and misinformed. All taxes are money sinks as a penalty for living under an oppressive regime.

HoloKat 2y ago

Well if you treat money printer as covering expenses, it doesn’t. That’s not how money printing works as far as I’m aware.

I don’t know how the actual tax collections make their way into budgets so I can’t really speak on that either but I assume it does. Would need to speak to someone from a federal or state treasury to see what actually happens. Unless you are one or know one, your guess is probably as good as mine.

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nobody 2y ago

I took a deep dive into all that a couple of years ago. You might not believe it if you found out, and I’m still not sure I do.

HoloKat 2y ago

What did you find?

nobody 2y ago

I was about to data dump on you (lol). Here's the tl;dr

Basically all the revenue the government collects barely covers Social Security and Medicare (both of which are expected to be bankrupt in the 2030's). Literally every single other thing the government does is 100% deficit spending.