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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 by deltaland
Member since Mar 2011
90576 posts
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
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
16201 posts
Posted on 8/10/23 at 7:30 pm to
This is a logical point.
Posted by Powerman
Member since Jan 2004
162217 posts
Posted on 8/10/23 at 7:30 pm to
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
Posted by momentoftruth87
Member since Oct 2013
71421 posts
Posted on 8/10/23 at 7:31 pm to
Social programs for Ukraine and corrupt politicians
Posted by FriscoTiger1973
Frisco, Texas
Member since Jan 2012
1414 posts
Posted on 8/10/23 at 7:32 pm to
Punishment of enemies and control.
Posted by CamdenTiger
Member since Aug 2009
62413 posts
Posted on 8/10/23 at 7:34 pm to
The thugs have both, to keep the regimes able to buy votes/power
Posted by Zap Rowsdower
MissLou, La
Member since Sep 2010
13248 posts
Posted on 8/10/23 at 7:35 pm to
How are they gonna bleed you financially into submission without them?
Posted by StrangeBrew
Salvation Army-Thanks Obama
Member since May 2009
18183 posts
Posted on 8/10/23 at 7:49 pm to
Me want wampum, no crypto!
Posted by deltaland
Member since Mar 2011
90576 posts
Posted on 8/10/23 at 7:53 pm to
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
Posted by WylieTiger
Member since Nov 2006
12943 posts
Posted on 8/10/23 at 7:55 pm to
To many greedy assholes to let that happen. It would be nice, though.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
15703 posts
Posted on 8/10/23 at 7:58 pm to
It's 100% about control.
Posted by Squirrelmeister
Member since Nov 2021
1782 posts
Posted on 8/10/23 at 8:04 pm to
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 by Tandemjay
Member since Jun 2022
2389 posts
Posted on 8/10/23 at 8:11 pm to
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 by Hobnailboot
Minneapolis
Member since Sep 2012
6094 posts
Posted on 8/10/23 at 8:12 pm to
Interesting question and point. Can’t argue.
Posted by Azkiger
Member since Nov 2016
21563 posts
Posted on 8/10/23 at 8:14 pm to
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 by David_DJS
Member since Aug 2005
17888 posts
Posted on 8/10/23 at 8:22 pm to
quote:

Since we can deficit spend what’s the point of taxation?

Income redistribution.
Posted by TigerAttorney
Member since Nov 2017
3808 posts
Posted on 8/10/23 at 8:25 pm to
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 by Timeoday
Easter Island
Member since Aug 2020
8625 posts
Posted on 8/10/23 at 8:40 pm to
A simple but incredibly outstanding point.

Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41106 posts
Posted on 8/10/23 at 9:01 pm to
quote:

Since we can deficit spend what’s the point of taxation?


Punish certain constituencies and reward others. What did I win?
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62959 posts
Posted on 8/10/23 at 9:13 pm to
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.
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