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Not to stir up controversy, governments have to figure out a different way to make money than taxing people. It is about time somebody figured this out. In a wo
by perseusprime11 9y ago
Not to stir up controversy, governments have to figure out a different way to make money than taxing people. It is about time somebody figured this out. In a world run by fiat currencies, what does deficit even mean? Just print more money using leverage. Who’s gonna check?
- nemothekid 9y agoPrinting money would be de facto tax-by-inflation.
- richardknop 9y agoNot if that money never enters the circulation. Just use it to keep deficit down, it doesn't need to actually get all the way down to consumers.
- AnimalMuppet 9y agoAre you proposing having honest accounting, and assuming that nobody will look? Or are you proposing having dishonest accounting, and assuming that nobody will be able to look deep enough to prove it? People actually do seriously read the federal budget statements...
- specialist 9y agoYou have the arrow backwards: Governments create demand for money by collecting taxes. https://en.wikipedia.org/wiki/Modern_Monetary_Theory https://en.wikipedia.org/wiki/Modern_Monetary_Theory That's why the economy (the measure of the velocity of money) grows when taxes are raised.
- perseusprime11 9y agoModern Monetary Theory is based on collecting taxes. I am talking about a new theory that is not based on taxes at all but instead, it is based on Government making money by selling govt. land, investing social security money in high growth funds, etc.