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Governments aren't really funded by taxes; that's just an illusion.

The math is clear. The U.S. government mainly gets its money by issuing #bonds or #treasuries, mostly bought by the Fed, which can print money to buy them without producing anything.

Taxes make it seem like we're funding the government, but the real cash comes from borrowing and printing.

#NayibBukele said it clearly: this keeps the system going while hiding the truth about where the money really comes from.

cadayton 1y ago

SO TRUE. Now, we should be asking what is the purpose for taxes? Anyone find it curious that the FED and the Income Tax came into existences in 1913?

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Discussion

WBTM 1y ago

Is a well engineered and orchestrated system. It worked well in times where the information didn’t go so fast. Now is different, is too obvious, even though, is very hard to see.