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Money at rest is not taxed (yet, in the US) and money that flows is. The state is going to promote the flow of money because it means more money flows to them.
by njarboe 5y ago
Money at rest is not taxed (yet, in the US) and money that flows is. The state is going to promote the flow of money because it means more money flows to them.
- Ericson2314 5y agoWhat? The state can print all the money it wants. There are plenty of corrupt politicians but let me tell you that does not create more desire to pull in money sheesh. This money-sucker beaurocracy stuff makes for more sense with e.g. CIA selling drugs rumors than taxation. This isn't some bullion-based monarchy we live in.
- njarboe 5y agoIn the US currently, the state can borrow, not print, as much as the Fed will purchase, which seems to be unlimited amounts at the moment. Not sure what happens if we get worse inflation and the Fed wants to combat it by raising interest rates. US debt payments will balloon to be a huge part of the budget, which will necessitate borrowing more money. This isn't some bullion-based monarchy where you can just debase the silver currency with some copper to deal with your monetary problems.