Pretend we all operated from real money. No credit. Credit is not money.

You work a 40 hour work week, and your government alters your labor to 30 hours, which is what you are paid, they take 10 hours of your value.

That is the same thing happening under today's fiat system, every time your government prints and spends credit. Instead of having less money to spend on real wealth, you soemd more for it.