Message from @vbonecrusher1014
Discord ID: 788249670895796245
(By the way, we do not plan on banning you no matter how much we disagree in this debate. Lol. Apparently other servers suck enough to where that's a concern)
taxes are used for 2 things. For deflationary purposes, and to create demand for the dollar. Notice how "to fund government spending" is not one of them. Hypothetically speaking the us can fund programs without needing tax dollars. In order to do the united states expands credit and auctions us treasury bonds. With that in mind it is also important to understand that the debt, nominally, and even debt(deficit if you want)/GDP are not important figures of finding out our "ceiling" of what we can spend. In order to find this ceiling we must look at inflation, and if we are looking at inflation or rather;how much can we increase aggregate demand without increasing inflation past 2 percent(the feds goal), we must focus on real recourses. This dichotomy flips our political system on its head. Politicians (mostly republicans at this point) use the debt as a dog whistle so that they can block any social programs then go on to push for military budget increases and tax cuts that dis proportionally aid the wealthy. this is a copy pasta i use
that i wrote
LMAO
woah relax
I'm a big supporter of freedom of speech
Even if it makes people uncomfortable
That includes the N word
But N word wasn't directed at you
I was just asking Chaos
federal programs are funded by the fed typing a number into a computer, we can do this because we are monetarily sovreighn. This means we issue our own currecny, we have a fiat system(no gold standard its ew), most our debt is owned in our own currency, and we are the reserve currency(just a extra part)
okay now let me read your thingy
i study econ so sorry if it gets confusing
but you are a nurse
so you very smart lady
No
I'm a drug dealer
In pharmacy
big pharma
but thanks ig lol
https://youtu.be/fg0R9Ye2ovM this vid is good
So I'm trying to understand what you're saying. You're saying the debt doesn't really matter all that much in the long run because the fed can just make more money, so we should go ham and pump it into the economy somehow ?
Lmao I'm trying to summarize
no
I didn't study econ in uni
i am saying the deficit and the debt do not matter in nominal terms or ratio terms
as in 27 trillion
or 100 percent og gdp
of
Okay and how does that relate to the type of economy you want to see
Happen
like i said the question of taxes dont matter
idk if u know but the first question asked on free college is how do u pay for it
many conservatives say but that requires more taxes
ect ect
Yeah so I would say it requires more taxes, but I think it needs to be looked into where those taxes are going specifically
it does not
And if it's local, that wouldn't be federally funded right ?
if its state funded then you need taxes