Or equivalently why I am paying taxes if the government can just print money 🤔
Discussion
we're gonna hyperinflate anyways.
why not accelerate
they should just print it out already
fuckit
I mean the more they print the more btc pumps theoretically they could print enuff money to make it impossible to buy bitcoin.
1. Mint a 34 trillion dollar coin at the treasury, mint it from 2,000 lbs. of horse manure.
2. Deliver it to the Fed say this squares up the debt.
3. Tell anyone that thinks the US gov owns them anything to show up at D.C. and the treasury will mint a commemorative version of the coin just for them.
4. Party!
Exactly
The government uses taxes as a way to reduce monetary inflation. Think about it: issue bonds, borrow Fed money, spend, the monetary inflation affects everyone equally in proportion to their fiat holding. It's regressive. Then, collect taxes and destroy some of the printed money by paying down debt. You get to reign in some of that inflation and also decide who benefits from it the most. Progressive taxes are supposed to ensure that modulation of inflation benefits the bottom people more, who are affected by inflation Kore because they don't hold Jon money assets. Of course, we always see ways to avoid taxes for people with complex finances, so it never works that way.