If Deficits Don’t Matter, Why Bother with Taxes?

Comment by Jim Campbell

March 26th, 2021

Trust that federal and state governments will always tax us.

What better way to debauch our currency while at the same time building a bigger bloated bureaucracy?

The Mises Institute

Tax is the only reason for the circulation of FIAT money.

Deficit and inflation are just an invisible additional tax. (Your fiat money (Part 2), posted on January 12, 2017,

Inflation is vicious to fiat money users)

Taxes still matter to the government, even though it increasingly funds itself with debt, because taxes are yet another way to control us.

From Peter St. Onge at mises.org:

On March 18, Joe Wiesenthal of Bloomberg Markets had MMT economist Stephanie Kelton on the show.

If you’re not familiar with modern monetary theory, they think governments should print more money because deficits aren’t a big deal…

Of course they are wrong, it just another form of “Group Think,” where the leader of the group has no idea what he or she is doing.

H/T Straight Line Logic

THE END

About JCscuba

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7 Responses to If Deficits Don’t Matter, Why Bother with Taxes?

  1. malenurseken says:

    AMEN! That was my first thought about why tax us even before i read anything. ITS CONTROL!

    Like

  2. bluecat57 says:

    Silly you. I was saying years ago that instead of giving us our money back they should just let us keep it in the first place. Then pay the bureaucrats with the fake money. And send only stuff as foreign aid. No “cash” just stuff. Even if it is just Americans’ old stuff.

    Like

  3. bluecat57 says:

    Want to change America overnight? No payroll withholding and you have to MANUALLY write MULTIPLE checks every month to pay your taxes.
    Taxes would be ZERO within a year.

    Like

    • JCscuba says:

      Not sure how that would work bluecat can you explain it to me.?

      Like

      • bluecat57 says:

        Easy. Once people saw how much of THEIR money the government takes first, the ones intelligent enough to have a job will figure out that THEY would rather keep it FIRST and “give” a much smaller portion to the government for only a defensive military, EQUAL and FAIR justice system, and infrastructure.
        And only a minimum of laws and regulations with a VERY limited bureaucracy.

        Like

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