| ▲ | paddleon 2 hours ago | |
1) Tax dollars don't fund the government. The government funds the government. That's what "Fiat currency" means. 2) How do you feel about the money going to ICE? | ||
| ▲ | maerF0x0 2 hours ago | parent | next [-] | |
Increasing money supply vs taxation is kinda just misdirection. It's politically disadvantageous to increase the tax % versus just siphoning purchasing power out of cash holders pockets silently and through the back door of increasing money supply. Not sure why it matters what I feel about ICE, besides an attempt to categorize me or my affiliations. However, in general I believe the US has a large amount of very silly self inflicted wounds, a terrible immigration policy has lead to a situation where people only/primarily get in illegally, and then those people have to make compromising choices based on their legality. Attempting to reset the playing field is noble, but fixing the path to legality would have been nobler. A big chunk of it is a waste of money in an attempt to chase the holy grail in America... "Jobs". | ||
| ▲ | ahyattdev 2 hours ago | parent | prev [-] | |
> Tax dollars don't fund the government. The government funds the government. That's what "Fiat currency" means. There was $4.9 trillion in revenue and $6.8 trillion in outlays in 2024 [1]. 95% of that revenue was from taxes. In spite of the high deficit, it remains a true statement that the federal government is funded by taxes as they account for the majority of funding. | ||