Marakesh 𓅦 on Nostr: I often hear the question "why does the government even tax when they can just print ...

I often hear the question "why does the government even tax when they can just print money?", but I think the two are tied together. The real value of the money printed comes from the labor of people that is forcibly extracted from them by taxation. The dollar is not backed by nothing, as I see it; rather, it is backed by the ability of the U.S. government to take money/value from it's subjects (called "citizens").

This is why the Federal Reserve Bank, which prints the money, was created the same year the income tax was passed in 1913. They were both necessary components to give the State the funding it sought to carry on wars, fund government corruption and largesse, and bypass the will of The People, etc.

If they couldn't extract real value from people (called taxes), they couldn't keep printing money because it would soon be seen as worthless, and other nations and creditors would stop buying U.S. bonds and loaning the U.S. money.

If Americans stopped funding the U.S. government (meaning they stopped paying taxes), that could possibly bring it down. But Americans are indoctrinated to believe taxes are just a necessary part of life, together with death... 🤨