paved roads/wastewater treatment/food safety/free public education intensifies
“The government is robbing us blind! It’s just like before the American Revolution, the winning local/state political candidate isn’t the one that I voted for, this is oppression!”
tmyakal@infosec.pub 14 hours ago
Nothing inherently wrong with taxation. The problems are how taxes are determined, how they’re collected, and how that money is distributed.
Banana@sh.itjust.works 14 hours ago
Exactly. Conceptually, taxation isn’t left, but the way some government use those funds absolutely is theft.
Not to mention how angry people are about taxation, but are also completely unaware that conceptually, profit is actually left of your surplus value.
Steve@communick.news 13 hours ago
Modern governments with their own Fiat currencies don’t use taxes to pay for anything. Taxes money doesn’t get distributed, it gets destroyed to control inflation.
LwL@lemmy.world 12 hours ago
Not how that works. Not how any of that works.
TrojanRoomCoffeePot@lemmy.world 12 hours ago
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Steve@communick.news 12 hours ago
It really is how this works.
It’s just that nobody realised until the last couple decades. And now we have a century of inertia behind economic theories that says otherwise. A century of economic theory that’s been horrible at predicting the real economy.
But it’s not difficult to understand.
If a government can make money out of nothing to pay for anything it needs to (the definition of fiat currency), then it doesn’t need to collect taxes to pay for things. If it doesn’t need to taxes to pay for things, then what do taxes do? Taxes remove money from the economy, offsetting the money added by government spending from nothing. This is direct inflation control.