4 ms·
Taxation is about funding the government. It doesn't give a rat's ass about "controlling aggregate demand for dollars". Remember dude, EVERY CIVILIZATION HAS H
by fatdog789 17y ago
Taxation is about funding the government. It doesn't give a rat's ass about "controlling aggregate demand for dollars".
Remember dude, EVERY CIVILIZATION HAS HAD TAXES. Rome had taxes. Ancient Mesopotamia had taxes. TAX PREDATE AMERICA. Tax predate fiat currency. Ergo, taxes are not about controlling the money supply.
- nazgulnarsil 17y agospecious reasoning. you're assuming that our current economic system is similar to other economic systems. our economy (bretton woods) is an massive experiment with no historical precedent.