Comment on Governments are like parents who say, "Do as I say, not as I do"

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AngryCommieKender@lemmy.world ⁨19⁩ ⁨hours⁩ ago

Tell me you know nothing about economics without telling me you know nothing about economics.

Taxes are an anti-inflationary measure that are implemented at the end of the federal governmental fiscal year. Where they get implemented is where politics comes in, but taxes are just money that is collected and deleted. We literally used to burn the collected currency, but since most of our currency these days is digital, we just zero out a line in the federal government’s accounting ledger.

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