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Biden orders Secret Service protection for RFK Jr. following Trump assassination attempt
(www.cbsnews.com)
this post was submitted on 15 Jul 2024
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Hahahaha. No one takes this guy seriously. This is only done because it looks good. There’s no threat to the guy who can’t possibly win because there’s no point in taking him out.
But also, there go my tax dollars when I’d like them to pay for roads, teachers, etc. Fuck you for running Bobby, you lying sack of shit (see takedown by Maintenance Phase podcast; the dude’s a lying liar).
All your taxes do is take money out of circulation.
Are you under some bizarre impression that the government just hoards everyone's money when they collect it?
Not at all, taxes come after the government spends money and is used to take money out of circulation (destroyed), they are absolutely in no way receiving that money and then using it for anything, it is received and removed from circulation. If the government needs money they make money, they do not depend on anyone to create money, they depend on taxes to appropriately remove money from circulation to control the value of the dollar and inflation.
That is not how anything works. Stop reading Libertarian nonsense.
It’s not political in any way, why would the federal government need anyone’s taxes? They create the currency, they don’t depend on anyone’s taxes to do anything. If they need money they create it and it happens constantly. I’m not speaking to local taxes obviously, which are mostly responsible for the roads the original poster complained about anyway which are completely different.
If you want to know why your "they create currency" argument is ridiculous, look up the Weimar Republic or what happened in Zimbabwe in 2007.
Their is a reason controlling the currency and removing money from circulation is important, I never discounted that but the federal government does not wait around to receive tax money before they decide if they have money to spend. They create new money to fund things and destroy the tax funds as they come in.
This is just sad to read. Please try to get some help.
It’s how the federal budget functions. Congress passes a budget, the central bank generates the money, and the money received via taxes gets destroyed. You can make whatever of it you want but that is actually how US currency, and likely any FIAT currency for that matter, functions.
They can’t just print money when they need money. That’s not how it works at all. Sure, they replace money that has been destroyed. The government absolutely needs tax money for education, infrastructure, health care etc.
They can and do create money in support of the budget. They can’t create unlimited money without consequence but they do create money for the budget and money returned to the government via taxes is destroyed. The gov takes out loans by issuing bonds and the National debt is simply a running total of those issued bonds over time. The federal government doesn’t need anyone’s money to have money, they create the money, they tax it back to get rid of it. It’s a spend first tax after system.
You’re saying they still need taxes, just with extra steps.
I never intended to imply taxes aren’t required, I was simply trying to state that they are not taking away from infrastructure spending because they issued increase funding to the secret service. I feel like a lot of folks naturally evaluate the federal government budget like a state, local, or personal budget and it’s backwards. Rather than taking money in and then spending it, they generate the money and then remove it with taxes. That was the only point I was attempting to convey.
Ok that’s fair. Apologies if I was being too stern. It sounded like you literally thought they just print as much money as they want and that taxes are a scam.
I really appreciate that you took the time to tease out the point I was attempting to make, at times during my initial comments it didn’t feel great but I mostly chalk it up to not being the most socially intelligent or articulate by any stretch of the imagination. Hope you have a good day.