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Tax rates dont pay for services, they pay for preventing inflation. The government printing money pays for services.
by kazagistar 7y ago
Tax rates dont pay for services, they pay for preventing inflation. The government printing money pays for services.
- iainmerrick 7y agoTax rates dont pay for services What are you replying to?
- mech1234 7y agoYou are being needlessly contrarian. Fiscal policy comprises both borrowing and taxing; the two are fungible as far as spending is concerned.
- aidenn0 7y agoThe government can only effectively print money to the extent that they can convince bond purchasers that taxes will be collected in the future.