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Since we can deficit spend what’s the point of taxation?
Posted on 8/10/23 at 7:29 pm
Posted on 8/10/23 at 7:29 pm
As long as we are the reserve currency, just keep printing money and let us keep our earnings tax free.
The end result will eventually be the same
The end result will eventually be the same
Posted on 8/10/23 at 7:30 pm to deltaland
This is a logical point.
Posted on 8/10/23 at 7:30 pm to deltaland
There was this leftist I knew that claimed that our taxes don't fund anything
I could never get him to explain to me why we shouldn't just eliminate all taxes in that case
I could never get him to explain to me why we shouldn't just eliminate all taxes in that case
Posted on 8/10/23 at 7:31 pm to deltaland
Social programs for Ukraine and corrupt politicians
Posted on 8/10/23 at 7:32 pm to deltaland
Punishment of enemies and control.
Posted on 8/10/23 at 7:34 pm to FriscoTiger1973
The thugs have both, to keep the regimes able to buy votes/power
Posted on 8/10/23 at 7:35 pm to deltaland
How are they gonna bleed you financially into submission without them?
Posted on 8/10/23 at 7:49 pm to deltaland
Me want wampum, no crypto!
Posted on 8/10/23 at 7:53 pm to SECdragonmaster
Imagine a world where we eliminated all social and welfare programs, social security, Medicare, etc. cut the bureaucracy in half, and defense budget was cut by 1/3 and stayed out of everyone’s business. No income tax, only tariffs and a national sales tax that funded a fedgov on a balanced budget of around 1.5 trillion.
Imagine the freedom and economic growth from that.
That’s the country I want to live in
Imagine the freedom and economic growth from that.
That’s the country I want to live in
Posted on 8/10/23 at 7:55 pm to deltaland
To many greedy assholes to let that happen. It would be nice, though.
Posted on 8/10/23 at 8:04 pm to deltaland
quote:
Imagine a world where we eliminated all social and welfare programs, social security, Medicare, etc. cut the bureaucracy in half, and defense budget was cut by 1/3 and stayed out of everyone’s business. No income tax, only tariffs and a national sales tax that funded a fedgov on a balanced budget of around 1.5 trillion.
And where “shall not be infringed” means what it literally says.
Posted on 8/10/23 at 8:11 pm to deltaland
This is the next shoe to drop. This is why the GOPe funded 87,000 new armed IRS agents. This shoe will bring down the elites and their plans.
Posted on 8/10/23 at 8:12 pm to deltaland
Interesting question and point. Can’t argue.
Posted on 8/10/23 at 8:14 pm to deltaland
quote:
Since we can deficit spend what’s the point of taxation?
Inflation hits everyone equally.
It'd essentially be a flat tax, which is what the Nazis did I guess...
Progs are all about wealth redistribution. Targeted taxation and "refunds" are needed for that.
Posted on 8/10/23 at 8:22 pm to deltaland
quote:
Since we can deficit spend what’s the point of taxation?
Income redistribution.
Posted on 8/10/23 at 8:25 pm to deltaland
Because they need to fund the black budget for the military industrial complex. How many trillions has the pentagon lost over the last decade?
Posted on 8/10/23 at 8:40 pm to deltaland
A simple but incredibly outstanding point.
Posted on 8/10/23 at 9:01 pm to deltaland
quote:
Since we can deficit spend what’s the point of taxation?
Punish certain constituencies and reward others. What did I win?
Posted on 8/10/23 at 9:13 pm to deltaland
The slippery slope of formalizing the fact that money has no value will be steeper than the one we're on now. Better to just pretend it's worth the effort needed to obtain it while doing things that only makes it clear to the people who are smart enough to know nothing is stopping it, but at least the facade is slowing it down a little.
If we didn't have taxes as a stick to control spending, we'd have UBI of $100k and $7,000 loaves of bread by now.
If we didn't have taxes as a stick to control spending, we'd have UBI of $100k and $7,000 loaves of bread by now.
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