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The difference between printing money and taxing money is almost nil in many cases. Both increase availability of government funds while reducing the purchasing
by xboxnolifes 4y ago
The difference between printing money and taxing money is almost nil in many cases. Both increase availability of government funds while reducing the purchasing power of citizens. Printing money is just fewer steps.
Playing my own critic though: printing money is a regressive tax. It causes the same percent inflation for every person's money. The reduced purchasing power hurts lower classes more.