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by wz1000 2256 days ago
The government can spend as much as it wants without needing your tax money. It doesn't matter how much money the government collects in taxes, it can spend as much as it wants regardless, because it can print as much money as it wants.

> The government DOES spend the money it garners through taxation

The government can spend the money regardless of how much it raises in taxes. Your taxes do not fund government spending.

Money is fungible. If government taxes $x and then spends $y, it is the same result as if it burns $x and then spends $y of newly printed money. In both cases the money supply changes by $y-$x

1 comments

I don't disagree with you that the government is unconstrained in regards to how much it can spend. The government doesn't need to tax or sell bonds at all. It can just print money and force everyone at gun point to use it.

But you still haven't provided an argument as to why you believe taxation destroys money. Taxation merely transfers dollars from one entity to another. It doesn't change the amount of base money in existence.