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The only reason "your money" has any value at all is because it can be used to pay taxes. USD is not backed by anything other than the government's "threat of f
by qqqwerty 5y ago
The only reason "your money" has any value at all is because it can be used to pay taxes. USD is not backed by anything other than the government's "threat of force" to collect taxes.
So in essence, taxes are a service to you, they make your money worth something to other people. Without that, we would be using soda pop bottles (or whatever) instead.