Chippys_mittens@lemmy.world to Lemmy Shitpost@lemmy.world · 13 hours agoTaxes are coollemmy.worldimagemessage-square67fedilinkarrow-up1312arrow-down143
arrow-up1269arrow-down1imageTaxes are coollemmy.worldChippys_mittens@lemmy.world to Lemmy Shitpost@lemmy.world · 13 hours agomessage-square67fedilink
minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up7·10 hours agoTaxes don’t remove money from the economy, it’s just a way the money circulates through it. Taking a loan and paying it back isn’t removing money.
minus-squareSteve@communick.newslinkfedilinkEnglisharrow-up3arrow-down2·edit-29 hours agoThat’s the old economic model that treats a government like any other organization in the economy. It’s not. Taxes aren’t loans. Banks aren’t governments. Completely different and uncomparable. The difference is banks don’t control their own currency. That single difference changes everything.
Taxes don’t remove money from the economy, it’s just a way the money circulates through it. Taking a loan and paying it back isn’t removing money.
That’s the old economic model that treats a government like any other organization in the economy. It’s not.
Taxes aren’t loans. Banks aren’t governments. Completely different and uncomparable.
The difference is banks don’t control their own currency. That single difference changes everything.