BonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 2 months agoSovcit is trying to clear their thoughts.lemmy.worldimagemessage-square32fedilinkarrow-up1103arrow-down14
arrow-up199arrow-down1imageSovcit is trying to clear their thoughts.lemmy.worldBonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 2 months agomessage-square32fedilink
minus-squareFloeylinkfedilinkarrow-up5arrow-down12·2 months agoThis doesn’t actually apply on a federal level in the US. Taxes don’t pay for government services, taxes are basically a measure to control inflation.
minus-square_skj@lemmy.worldlinkfedilinkarrow-up2arrow-down2·2 months agoSad to see down votes for the truth. The feds print the money so they don’t absolutely NEED to collect it first. But if money going out is more than the money coming in through taxes, it increases the supply and decreases the value of each dollar.
This doesn’t actually apply on a federal level in the US. Taxes don’t pay for government services, taxes are basically a measure to control inflation.
Sad to see down votes for the truth. The feds print the money so they don’t absolutely NEED to collect it first. But if money going out is more than the money coming in through taxes, it increases the supply and decreases the value of each dollar.