paved roads/wastewater treatment/food safety/free public education intensifies
“The government is robbing us blind! It’s just like before the American Revolution, the winning local/state political candidate isn’t the one that I voted for, this is oppression!”
tmyakal@infosec.pub 1 day ago
Nothing inherently wrong with taxation. The problems are how taxes are determined, how they’re collected, and how that money is distributed.
Banana@sh.itjust.works 1 day ago
Exactly. Conceptually, taxation isn’t left, but the way some government use those funds absolutely is theft.
Not to mention how angry people are about taxation, but are also completely unaware that conceptually, profit is actually left of your surplus value.
undergroundoverground@lemmy.world 23 hours ago
I have one simple trick for people who hate taxation but turn a blind eye to corporate profits. Instead of calling it “tax” call it “government profit” because, apparently, that’s all it takes to fool them.
Banana@sh.itjust.works 22 hours ago
You know you’re right because some libertarian is downvoting everything in this thread lol
Steve@communick.news 1 day ago
Modern governments with their own Fiat currencies don’t use taxes to pay for anything. Taxes money doesn’t get distributed, it gets destroyed to control inflation.
LwL@lemmy.world 1 day ago
Not how that works. Not how any of that works.
TrojanRoomCoffeePot@lemmy.world 1 day ago
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Steve@communick.news 1 day ago
It really is how this works.
It’s just that nobody realised until the last couple decades. And now we have a century of inertia behind economic theories that says otherwise. A century of economic theory that’s been horrible at predicting the real economy.
But it’s not difficult to understand.
If a government can make money out of nothing to pay for anything it needs to (the definition of fiat currency), then it doesn’t need to collect taxes to pay for things. If it doesn’t need to taxes to pay for things, then what do taxes do? Taxes remove money from the economy, offsetting the money added by government spending from nothing. This is direct inflation control.
undergroundoverground@lemmy.world 23 hours ago
The only other person here who understands MMT. Sorry for your downvotes. Just wasted to send some love, over the ignorance.
Tiger666@lemmy.ca 1 day ago
No it doesnt get destroyed, it goes to pay interest on the national debt(At least in the case of the insolvent country called the United States of America).