Comment on fuck this asshole
mojofrododojo@lemmy.world 3 weeks agoWA state here - it’s ridiculous that I have to subsidize chuds in Mississippi and Louisiana when they won’t even give their citizens human rights. they’re all about fiscal responsibility until it comes to paying their own fucking bills.
alcoholicorn@lemmy.ml 3 weeks ago
Federal taxes don’t actually work that way. The federal government prints its own money. All taxes effectively go into a giant shredder and are unrelated to spending.
ayyy@sh.itjust.works 3 weeks ago
I don’t even know where to begin correcting such an insane statement. Why do you think k taxes are collected if it just gets shredded? Sadistic pleasure?
didnt1able@sh.itjust.works 3 weeks ago
He makes a good point, it’s just to balance the inflation. Take the tax money to offset the federal reserve printing swathes of money to fund government endeavors.
Maggoty@lemmy.world 3 weeks ago
It’s a real theory. From what I understand though the shredder is a thought experiment, not meant to be taken seriously. They do acknowledge that you have to receive money to spend money. they just think of it like a balancing act instead of a 1 to 1 relationship.
alcoholicorn@lemmy.ml 3 weeks ago
You don’t need to receive money to spend money if you print money. The purpose of taxation is to reduce the monetary supply.