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It's only funny money, nothing to worry about. If we ignore it does it really matter how much debt we have or that the economy is being propped up by the FED. W

It's only funny money, nothing to worry about. If we ignore it does it really matter how much debt we have or that the economy is being propped up by the FED. We should all demand to stop paying taxes since they can just create as much money as they need out of nothing. Interesting times.....

marton78 5y ago
What are you thinking? Of course we have to keep paying taxes. The trillions the FED created are not meant for the peasants!
- gscott 5y ago
  What's more is just the poor pay meaningful taxes vs their income when calculating in fica taxes, gas taxes, and such.
- hirako2000 5y ago
  It is the very thing that is the most important aspect in this crisis. Who pays? Quantitative easing, stimulus, bail outs, financial support, housing emergency support, vaccine and what not funding to expedite solutions. Nearly all of these are funded by the tax payer. Who for the most part hasn't yet figured that he will be paying for it for the many years to come, with little chance that the tax rates will be readjusted back to its normal level, which was already commensurate. Give me more support please, since I think money just comes from the sky. There is going to be a point where even the last idiot will stop paying, since he won't be able to pay anyway. When I dig into how our governments, at least in the west, are handing the economical chaos we are in now, and their ability to ignore and conceal reality, I figure there is nothing that can prevent an imminent total downfall of our current system that relies on heavy fundings of countless institutions. It may happen gently if the authorities apply common sense. But that's not what we have elected up there. And individuals seem to be very biased, triggering their self survival pathways to get the best of a situation, at the expenses of god knows how many. I foresee a questioning of our tax rates very soon. People won't understand why they are paying so much on one side, and realise they can't pay on the other.
  - TheOtherHobbes 5y ago
    They're not "funded by the tax payer." That is exactly what doesn't happen. Money is a not a limited physical resource, and "tax payers" do not generate it. Money is a set of political choices defined by governments. It's also a draconian form of social credit which enforces individual and corporate competition over political power and access to resources. The only limitations are literal physical resources, including a stable climate - exactly the things that this Money System fails to conserve or manage intelligently. The rest is just rhetoric and persuasion with some numbers thrown in. The point of economic rhetoric isn't to grow "the economy" for everyone, it's to manage faith in the future for both winners and losers, and most of all to maintain and expand differentials between the different castes and levels in the economy. If the government wanted to narrow those instead of expanding them it could do it tomorrow. It wouldn't even need to raise taxes - although it might sometimes be useful to do so to make a rhetorical point about relative power.
bongoman37 5y ago
At the very least I think individual should be taxed like corporations, on profit instead of revenue. This would also mean a lot more money circulating and way more jobs since people could decide between spending and reducing profits or paying more taxes.

marton78 5y ago

What are you thinking? Of course we have to keep paying taxes. The trillions the FED created are not meant for the peasants!

gscott 5y ago
What's more is just the poor pay meaningful taxes vs their income when calculating in fica taxes, gas taxes, and such.
hirako2000 5y ago
It is the very thing that is the most important aspect in this crisis. Who pays? Quantitative easing, stimulus, bail outs, financial support, housing emergency support, vaccine and what not funding to expedite solutions. Nearly all of these are funded by the tax payer. Who for the most part hasn't yet figured that he will be paying for it for the many years to come, with little chance that the tax rates will be readjusted back to its normal level, which was already commensurate. Give me more support please, since I think money just comes from the sky. There is going to be a point where even the last idiot will stop paying, since he won't be able to pay anyway. When I dig into how our governments, at least in the west, are handing the economical chaos we are in now, and their ability to ignore and conceal reality, I figure there is nothing that can prevent an imminent total downfall of our current system that relies on heavy fundings of countless institutions. It may happen gently if the authorities apply common sense. But that's not what we have elected up there. And individuals seem to be very biased, triggering their self survival pathways to get the best of a situation, at the expenses of god knows how many. I foresee a questioning of our tax rates very soon. People won't understand why they are paying so much on one side, and realise they can't pay on the other.
- TheOtherHobbes 5y ago
  They're not "funded by the tax payer." That is exactly what doesn't happen. Money is a not a limited physical resource, and "tax payers" do not generate it. Money is a set of political choices defined by governments. It's also a draconian form of social credit which enforces individual and corporate competition over political power and access to resources. The only limitations are literal physical resources, including a stable climate - exactly the things that this Money System fails to conserve or manage intelligently. The rest is just rhetoric and persuasion with some numbers thrown in. The point of economic rhetoric isn't to grow "the economy" for everyone, it's to manage faith in the future for both winners and losers, and most of all to maintain and expand differentials between the different castes and levels in the economy. If the government wanted to narrow those instead of expanding them it could do it tomorrow. It wouldn't even need to raise taxes - although it might sometimes be useful to do so to make a rhetorical point about relative power.

bongoman37 5y ago

At the very least I think individual should be taxed like corporations, on profit instead of revenue. This would also mean a lot more money circulating and way more jobs since people could decide between spending and reducing profits or paying more taxes.