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@flipper@mastodonapp.uk

2026-04-18 05:30 UTC

@c_reider @RadicalGraffiti I worry about that, but in actuality that's not how taxation works, especially not federal taxes and even more especially not in the US. In a country like the USA, the federal government doesn't need to wait for us to pay taxes to spend money, they just add zeroes to the end of a spreadsheet and issue funds. The point of taxation is to reduce the amount of money in circulation, to prevent massive devaluation. Ideally, it should also prevent massive inequality, but that's a different story. The myth of "tax and spend" is pushed by conservative deficit hawks who want to reduce public spending. It's actually "spend and tax". Yes, unfortunately, you probably are contributing, but not through taxation but simply through your daily production process. But it's not taxes, don't feel bad.

Replies (1)

  • @flipper @c_reider @RadicalGraffiti Part of capitalism is based on debt, not on "solid" capital. The phrase could also be translated as: "how much will the children have to pay for the weapons their fathers used"

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