4 ms·
Money is fungible. It doesn't make sense to say that these dollars that "disappear" are completely separate from these other dollars that magically "appear" out
by Camillo 10y ago
Money is fungible. It doesn't make sense to say that these dollars that "disappear" are completely separate from these other dollars that magically "appear" out of nowhere. In real terms (we'll call it wealth, but you can call it purchasing power, or whatever other term you want to use for what dollars represent or enable), the wealth the US government spends comes from the actual people who get taxed, in the proportion in which they are taxed, plus the extra provided by inflation, which comes from everyone who holds dollars.
- quadrangle 10y agoYeah, but that's not contrary to what I'm saying. The real point is that the question of how much "revenue" in taxation vs spending is more of a matter of policy and purchasing power etc. to further economic and social goals and not something that has any inherent need to balance out.