Brutkey

The Sleight Doctor 🃏🃏🍉🍉
@ApostateEnglishman@mastodon.world

@noondlyt@hellions.cloud The federal government is wholly self-funding by magicking money out of thin air, ex nihilo. Of course it is, or there'd be nothing to tax in the first place! Even if everyone in the United States stopped filling out their tax returns, the federal government (as opposed to states!) would have exactly the same amount of money that it had before: zero. Your taxes fund nothing whatsoever at the national level. Nada.

The fed doesn't need funding with tax money, Uncle Sam
is the money.

LAUREN
@noondlyt@hellions.cloud

@ApostateEnglishman@mastodon.world

That's why the BBB was such an issue??

And Taxing the Ultra Wealthy and Corporations is never on the table??


The Sleight Doctor 🃏🃏🍉🍉
@ApostateEnglishman@mastodon.world

@noondlyt@hellions.cloud With many important caveats, yes. We absolutely should tax billionaires out of existence to preserve the integrity of our democracies, but these people know they have access to a money-printing* machine and don't care if they crash the US economy (both Trump and Musk said so explicitly) further enriching themselves. Hence Trump wanting more control over the Fed.

* This is anachronistic as the vast amount of money in the economy today is digitally created with taps on a keyboard.