5 ms·
Because less tax revenue means that the government would print more money to pay its bills.
by TulliusCicero 3y ago
Because less tax revenue means that the government would print more money to pay its bills.
- carlosjobim 3y agoWhat's wrong with that? They're already in hyperinflation.
- TulliusCicero 3y agoAre you going to acknowledge the point, or just move what we're talking about? You asked why that would lead to money printing, which I answered, then you jumped to something else.
- carlosjobim 3y agoSigh... I hereby acknowledge officially to the Hacker News poster known as Tullius Cicero, that I understood the explanation being given as to why some are of the opinion that decreased government income from labour taxation would give the same government reason to borrow more money for their budget, casually referred to as "printing money". Edit: People who are down voting could for example explain why it is acceptable to tax the labour of another human being, but not acceptable for the government to run a deficit or devalue the currency ... or default. Taxes on labour are a form of serfdom, one of the worst evils of humanity. Maybe acceptable when you have a cushy and high paid office job, but a satanic burden for those who are stuck in the hell of heavy and stressful labour for their survival.