Sabbath'
Redblock Jesus
- Joined
- Jul 3, 2006
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- Vic
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- 80 Series// VFII Black Edition
I see.It does all come from the same place, the government! If the government didn’t print the money in the first place then it doesn’t exist, it’s spent into existence by the government and private banks.
Governments with currency sovereignty (ie: Australia) spend first and tax later. Federal taxes don’t pay for anything, it’s just a means of creating demand for the currency.
On the other hand state taxes do matter as states don’t have currency sovereignty and thus can‘t issue new money to pay their debts (government bonds).
So instead of agreeing that more of the money governments tax their constituents should be used on roads, hospitals, etc. and as an incentive to not frivolously use the money on projects that don't financially benefit those they're meant to be working for you're set on trying to argue the semantics of an argument.