>If governments can just print money out of thin air, why do we pay taxes?>If Inflation is just a hidden tax, why not just "tax" us by printing money instead of requiring an itemized receiptOh my that's MMT! Very unpatriotic! Stop noticing! Don't you know that MMT is deboonked? CNBC says so!
>>62272334it has to be as convoluted, inefficient, and suffering-inducing as possible
I'm an asset holder so I don't really care to argue this. Inflationary policy only benefits me. Maybe in the past I'd take the bait and argue but now, go ahead and print ad infinitum
>>62272410>already print money and give most of it away to asset holders>they pay a tiny portion back as taxeshow about we cut out the middleman and just print way less while achieving the same goal?
>>62272334#1. The US Government doesn't print money, 97% of all dollars in existence have been created by commercial banks making loans. #2. The Federal Reserve also doesn't print money. It just creates bank reserves which stay between the banks for overnight settlements and has nothing to do with regular people or regular businesses.#3. Paying taxes actually does lower/reduce CPI, because it's pulling liquid cash away from the people who immediately spend it on consumer goods. If every poor and middle-class American suddenly had an extra $1,000/mo in their paychecks they would immediately go blow it on new cars, new homes, new furniture, upgrades on their real estate, eating out at restaurants and going on vacations. You'd have a spike in demand for low-end consumables without the extra productivity from people working more. Covid should've already taught you what happens when people are working way less while getting free-gibs in the mail.#4. If you want to fix the inflation problem, you need to incentivize banks to make loans directed towards the production of goods, services and entrepreneurship. While disincentivizing banks from making loans towards asset purchases and consumption, like stocks, real estate, credit cards, etc.Richard Werner explained all of this in detail years ago.
>>62272415Yea sure but then you have to cut spending too. It's a hard sell and I don't think the masses are ready for that.
>>62272334Keeping your citizens distracted, broke, and bogged down by regulations/laws is important if you are running a government.
You pay taxes and the US only prints so much fiat so entitys continue to buy our bonds so bread only costs $2 a loaf instead of $30
>>62272334We all gonna be rich, the computers printing a Golden swan 6-9 months with Asia unstoppable
>>62272334The govt doesn’t do this. They have the printers but have to ask the fed permission first to borrow against our tax dollars which they borrow from us interest free. That’s why they made trump prez to clean house and made it impossible for the dems by pitting him up against kamala instead of bernie or some shit since the dem politicians were borrowing against their own salaries with our tax money. The banks are ironically innocent this time. The 2008 housing bubble recession was very embarrassing for us on a global scale. They vowed never to allow it to happen again after all that bail out cash was eventually paid back
Taxes don't fund the government. They balance citizen accounts issued by the IMF, BIS, and World Bank. Any surplus, which is really a deficit in our debt-based financial system, goes to the British monarchy.
>>62272334The inflation tax doesn't raise enough money
