Taxes.

I'm drinking haha

Too Long Don't Read

summarize it for me

Taxes but not taxes

Where does the money for federal programs in the US come from if not from taxes ?

To be fair, with that sort of system in place, I would much rather it be through state and local taxation rather than federal.

@Mystika ok in the united states when ever we fund a program the federal reserve credits a account(military contract, pharma ect). The fed types a number into the computer

no no no

that would suckl

wait finish ur explanation LMAO

states can go bankrupt the us cannot

That's it >?

very simple

So just print unlimited money

i never said that

that would suck

Is that literally what you're saying or am I misinterpreting it

That's what I'm understanding though

Yeah

i have no finished

relax

Same here

(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

Can we still say the N word or is that banned now @Crasseus

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