Is the Income Tax plus many other taxes really just a humiliation ritual for the masses? Why is the average person forced to pay into taxes but at the same time the government just prints money for itself?
>>526436759money is the control mechanism.taxes is called "recycling".
>>526436759>at the same time the government just prints money for itself?You mean the Fed is not appropriated its funds by Congress, it just creates them. The NYFed also just creates (without Congressional appropriation) the QE reserves it buys assets with from the NYFed primary dealers
>>526436759It is to take printed money out of circulation and to create demand for currency since you need to pay taxes for existingAlso state governments technically rely on taxation since they aren't able to print currency themselves but they also collect federal gibs at a massive scale
>The NYFed also just creates (without Congressional appropriation) the QE reserves it buys assets with from the NYFed primary dealersbb in a few
>>526436759>but at the same time the Federal Reserve* just prints money for itself?ftfy
<<<---fucking kek
