Recently heard someone trying to tell me that the government doesnt need a penny of our taxes, they just print the money they need and all tax is a complete scam. He is 100% in belief of this.
I hate taxes too (when they go towards wars), but is this actually true? He mostly gets his ideas from Facebook and x. So yeah.
Don’t be so sure. The US is inflating their currency in addition to accumulating ungodly levels of debt. The US as the defacto reserve currency gave them a unique position where using that tired old trick works because they are spreading their inflation thinly around the world including black markets and oil trades etc… because of this they can easily get away with some degree of printing money.
… until chaotic and self-destructive policy, attacking your allies and trading partners causes the world to reevaluate that. Our special protection could end pretty quickly, cascading into an impressive crash
… until chaotic and self-destructive policy, attacking your allies and trading partners causes the world to reevaluate that. Our special protection could end pretty quickly, cascading into an impressive crash