It’s not political in any way, why would the federal government need anyone’s taxes? They create the currency, they don’t depend on anyone’s taxes to do anything. If they need money they create it and it happens constantly. I’m not speaking to local taxes obviously, which are mostly responsible for the roads the original poster complained about anyway which are completely different.
Their is a reason controlling the currency and removing money from circulation is important, I never discounted that but the federal government does not wait around to receive tax money before they decide if they have money to spend. They create new money to fund things and destroy the tax funds as they come in.
It’s how the federal budget functions. Congress passes a budget, the central bank generates the money, and the money received via taxes gets destroyed. You can make whatever of it you want but that is actually how US currency, and likely any FIAT currency for that matter, functions.
They can’t just print money when they need money. That’s not how it works at all. Sure, they replace money that has been destroyed. The government absolutely needs tax money for education, infrastructure, health care etc.
They can and do create money in support of the budget. They can’t create unlimited money without consequence but they do create money for the budget and money returned to the government via taxes is destroyed. The gov takes out loans by issuing bonds and the National debt is simply a running total of those issued bonds over time. The federal government doesn’t need anyone’s money to have money, they create the money, they tax it back to get rid of it. It’s a spend first tax after system.
That is not how anything works. Stop reading Libertarian nonsense.
It’s not political in any way, why would the federal government need anyone’s taxes? They create the currency, they don’t depend on anyone’s taxes to do anything. If they need money they create it and it happens constantly. I’m not speaking to local taxes obviously, which are mostly responsible for the roads the original poster complained about anyway which are completely different.
If you want to know why your “they create currency” argument is ridiculous, look up the Weimar Republic or what happened in Zimbabwe in 2007.
Their is a reason controlling the currency and removing money from circulation is important, I never discounted that but the federal government does not wait around to receive tax money before they decide if they have money to spend. They create new money to fund things and destroy the tax funds as they come in.
This is just sad to read. Please try to get some help.
It’s how the federal budget functions. Congress passes a budget, the central bank generates the money, and the money received via taxes gets destroyed. You can make whatever of it you want but that is actually how US currency, and likely any FIAT currency for that matter, functions.
They can’t just print money when they need money. That’s not how it works at all. Sure, they replace money that has been destroyed. The government absolutely needs tax money for education, infrastructure, health care etc.
They can and do create money in support of the budget. They can’t create unlimited money without consequence but they do create money for the budget and money returned to the government via taxes is destroyed. The gov takes out loans by issuing bonds and the National debt is simply a running total of those issued bonds over time. The federal government doesn’t need anyone’s money to have money, they create the money, they tax it back to get rid of it. It’s a spend first tax after system.
You’re saying they still need taxes, just with extra steps.