Cory Doctorow on Nostr: How can the US tax dollars away from earners unless it first spends those dollars ...
How can the US tax dollars away from earners unless it first spends those dollars into the economy?
The point of taxation isn't to fund programs, it's to reduce the private sector's buying power so there are things for sale to the public sector. If we spent money into the economy but didn't take any out, the private sector would have so many dollars that any time the government tried to buy something, there'd be a bidding war that would result in massive price spikes.
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The point of taxation isn't to fund programs, it's to reduce the private sector's buying power so there are things for sale to the public sector. If we spent money into the economy but didn't take any out, the private sector would have so many dollars that any time the government tried to buy something, there'd be a bidding war that would result in massive price spikes.
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