Funhound on Nostr: Hmmm well you do pay for it by losing buying power, right? The normal tax also pays ...
Hmmm well you do pay for it by losing buying power, right?
The normal tax also pays for services you use, right?
all the government does is in general for the people. For example care for the homeless is something I haven't used so far, but it's a service I do like.
If the government came out and said: we gonna raise the tax on food and rent 2-7% this year, to pay for roads and police.
(Buying power for everyday items goes down, the items are 2-7% more expensive)
And then they do that every year 😅
People would surely ask why we don't divide the tax burden more on "the rich" or why the services get more expensive all the time.
And then imagine in that situation the people hear that we gave a gazillion dollar to foreign countries. People would be pissed 🙈
But I do agree, government does things we need and needs to raise money for that.
They would still do that if Bitcoin were the only currency on the planet.
Raising the money covertly through inflation is a way to hide the real cost from the voter and I think it impact poor and middle class people disproportionately more.
I think the government would have to scale back and concentrate on things that most people want, like roads, police and national defense, maybe healthcare and schooling, because people wouldn't tolerate expenses they don't agree with.
The normal tax also pays for services you use, right?
all the government does is in general for the people. For example care for the homeless is something I haven't used so far, but it's a service I do like.
If the government came out and said: we gonna raise the tax on food and rent 2-7% this year, to pay for roads and police.
(Buying power for everyday items goes down, the items are 2-7% more expensive)
And then they do that every year 😅
People would surely ask why we don't divide the tax burden more on "the rich" or why the services get more expensive all the time.
And then imagine in that situation the people hear that we gave a gazillion dollar to foreign countries. People would be pissed 🙈
But I do agree, government does things we need and needs to raise money for that.
They would still do that if Bitcoin were the only currency on the planet.
Raising the money covertly through inflation is a way to hide the real cost from the voter and I think it impact poor and middle class people disproportionately more.
I think the government would have to scale back and concentrate on things that most people want, like roads, police and national defense, maybe healthcare and schooling, because people wouldn't tolerate expenses they don't agree with.