Taxes don't fund anything, they only take the pressure off inflation so that money printing can command more of the total purchasing power.

#Bitcoin

Reply to this note

Please Login to reply.

Discussion

🎯

Taxes are theft

Particularly when the fed printer is involved

Dayum

This is the point that MMTers are totally right about. They miss the bigger point that a state-commanded economy is an instrument for utter tyranny and poverty but they are right about the fundamental fiat mechanism: you can print as much as you want so long as you tax the plebs in equal measure to create demand for the fiat paper. They describe the control/shake-down scheme very accurately.