(no title)
sbsudbdjd | 1 year ago
Governments can fund themselves in numerous ways, not just taxes. Either way you'll pay.
The key issue is do we want a federal government expenditure of 20-25% of the economy? I'd say no.
sbsudbdjd | 1 year ago
Governments can fund themselves in numerous ways, not just taxes. Either way you'll pay.
The key issue is do we want a federal government expenditure of 20-25% of the economy? I'd say no.
amrocha|1 year ago
Should government spend 25% percent of GDP? Who cares. Governments shouldn’t aim for a specific number, they should spend enough to make sure full employment is achieved, according to saving desires and the private market’s appetite for investment.
Whatever the private market isn’t willing to invest, the government should take care of.
Whether that’s 10% or 50% is literally irrelevant.
imgabe|1 year ago
We should be demanding ruthless efficiency from the government, not dreaming up new ways for them to take our stuff.
Loughla|1 year ago
sbsudbdjd|1 year ago
- Taxes - debt financing - seignorage
The latter two aren't taxes, but people end up paying for the expenses anyway.
Governments can also plunder other country's money. While this sounds very Roman empire, it's still a thing. Case in point freezing another country's foreign exchange reserves, refusing to return their gold, confiscating the interest on the reserves, etc