3 ms·

money laundering at bigger scale... tax -> war -> defense budget -> military complex manufacturers

• anm89 5y ago
  The idea of a government, especially the US, laundering money doesn't really make any sense. Generally, the point of laundering money is to pay taxes on it so it can enter the financial system. Governments (and especially the US who has the most control of international monetary pipelines like SWIFT) can freely do what they want with their money generally, at least within their own countries. Their money is going to make it into the financial system without any laundering.
  • SturgeonsLaw 5y ago
    Laundering as a term might not be a good fit, but the parent comment's main claim that war is a vehicle for moving public money into private pockets is absolutely correct
    • anm89 5y ago
      Agree but we have other words specifically for that: grift, corruption, kickbacks. War is definitely a racket but that racket isn't money laundering. The racket isn't about obfuscating the origin of the money but to direct it to certain parties
  • lifeplusplus 5y ago
    it does, the point is take tax revenue and transfer it to rich buddies, now if it requires starting wars and spending trillions, so be it as long as your buddies end up getting few trillions from it
    • CryptoPunk 5y ago
      Money laundering != robbery It means concealing the origins of illicitly generated revenue.