It didn't. Or rather it did, but not for the obvious reasons.
Taxes are not required for spending. Spending isn't required for spending, because ultimately government money is a proxy for power differentials and collective strategy.
Money defines which behaviours and which demographics are rewarded, and which are starved and punished. There are numbers and flow dynamics, but it's primarily a social credit system, not a substance.
Taxes are really a way to control the relative power of some groups over others - a form of regulation.
So when you have events like the New Deal and high taxes on the super rich, that means the economy is tuned towards diminishing power differentials, expanding infrastructure, and access to opportunity.
Low taxes on the super rich means expanding power differentials, more rigid hierarchy, diminishing collective infrastructure, and decreasing access to opportunity.
Likewise with provision of public services. If healthcare is cheap, guaranteed, and widely distributed, that increases individual agency and diminishes hierarchy.
If it's expensive and rationed by/for corporate monopolies, it increases hierarchy and diminishes agency.
TheOtherHobbes|2 months ago
Taxes are not required for spending. Spending isn't required for spending, because ultimately government money is a proxy for power differentials and collective strategy.
Money defines which behaviours and which demographics are rewarded, and which are starved and punished. There are numbers and flow dynamics, but it's primarily a social credit system, not a substance.
Taxes are really a way to control the relative power of some groups over others - a form of regulation.
So when you have events like the New Deal and high taxes on the super rich, that means the economy is tuned towards diminishing power differentials, expanding infrastructure, and access to opportunity.
Low taxes on the super rich means expanding power differentials, more rigid hierarchy, diminishing collective infrastructure, and decreasing access to opportunity.
Likewise with provision of public services. If healthcare is cheap, guaranteed, and widely distributed, that increases individual agency and diminishes hierarchy.
If it's expensive and rationed by/for corporate monopolies, it increases hierarchy and diminishes agency.