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/biz/ - Business & Finance


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52501251 No.52501251 [Reply] [Original]

Aren't taxes basically just cashflow so that the government can justify getting more loans/printing more money? They are not used for government spending AT ALL. Right? Not just in the US btw.

>> No.52501318

>>52501251
Imagine if they just like burnt all the taxes man that would like totally solve inflation man think about it

>> No.52501349
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52501349

>>52501318
Don't they already do this?

>> No.52501414 [DELETED] 

>>52501251
Oh yeah
>calls his agent fren

>> No.52501445
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52501445

>>52501414

>> No.52501457
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52501457

>>52501251
No taxes are supposed to be used so this doesn’t happen…pic related.. unfortunately US went off gold standard and abandoned sound money and started printing confetti.. hence that’s why the $ lost 97% and all the inflation in the world

>> No.52501469

usa printed trillions of USD out of thin air in the past few years, so now we know that income tax is complete nonsense

>> No.52501481

>>52501469
Not just in the USA. CANZUK and EU as well. Not sure about Japan and other shitholes

>> No.52501525

>>52501251
>Taxes are useless
No, they are very useful in reminding you that you better pay tithes to your masters like a good boy.

>> No.52501532

>>52501481
> Not just in the USA. CANZUK and EU as well
The Bretton woods agreement between nations after ww2 was that the USD would be global reserve currency backed by gold and all other sovereign currencies pegged to USD. Creating sound money globally.
The problem was when the US went off gold standard in 71 there was no fiscal restriction /discipline mechanism and once the US started printing everyone else followed..and yes Japan UK printing everyone is doing a Venezuela now..

>> No.52501612

>>52501251

People conceptualise tax wrong.

Often people imagine dollars going into a vault or account to then be spent.

It is the opposite of printing money. It is deleting money.

Whether or not the Government decides to print way more money than it is deleting per year is irrelevant. The fact is taxes delete money.

>> No.52501638

>>52501612
>The fact is taxes delete money.
This is a nice way of putting it. But aren't they used to justify loans from external sources as well? Like saying that a company has a good and stable cashflow so they will be able to make loan repayments.

>> No.52501652

>>52501612
>>52501638
taxes are theft and would not delete the money if it was not
the state must be abolished

>> No.52501807

>>52501612
>>52501652
Tax is not deleting money it’s redistribution of that money by government to buy votes.. I.e. they take money from productive members of society and hand it out and even borrow more than they take in in taxes and hand that out to sections of society where they can “buy’ the electorate votes and retain or take power. that’s why it’s said “democratic elections are advanced auctions of stolen money” .. the only cure is Austrian school economics and sound money ..

>> No.52501863

>>52501807
>by government to buy votes
the government = the political parties = supposed to represent the people

>> No.52501953

>>52501251
Kikes already admitted the purposes of taxes is to influence behavior not pay for shit late cunt.

>> No.52502027

>taxes aren't theft
men with guns will eventually arrest you if you do not pay taxes, and they will imprison you until you give them money
if you refuse to go with them, they will shoot you dead as a matter of fact
alternatively, your bank accounts will be automatically garnished by the government and you can do nothing about it except keep physical cash and silver under your mattress and wait to get robbed IRL
>you agreed to pay taxes
no, nobody ever agreed to pay taxes
there was no signature given on anything, there is no form or rule or document given to anybody anywhere that explains why they owe taxes
you have to sign up for selective service, but not taxes? absurd
>think about what would happen if there were no taxes!
USA existed for a very long time without income taxes
a 1% tax was cause for rebellion and riots for your american ancestors
>how will the government make money without taxes?
how they make money right now, since income taxes cover a scant fraction of government spending
>you can't get services without taxes!
niggers don't pay taxes, and they get services

>> No.52502082

>>52501638

Taxes can be used to justify loans and borrowing more money. But that is human rhetoric at work, not a function of taxation.

If the government decided to spend (via printed or borrowed money) $0 and tax 1 billion dollars next financial year, the net supply of money would be -1 billion dollars.

You'll see /biz/tards seeth and scream about how taxes are used to pay for gibs. But that isn't strictly true. Taxes are a lever used to control the overall supply of money just as much as the money printer is.

A government can print without taxing. They can tax without printing. It is up to governments to decide what inflationary effects the economy can bear.

Taxes do not cause spending. Taxes are a way to balance growth in the government's spending against the actual output of the economy.

>> No.52502117

>>52502082
taxes are a way to imprison goyim nigger cattle and influence their spending habits, overall

>> No.52502638

>>52501251

TAXES PAY FOR THE INTEREST ONLY ON THE NATIONAL DEBT

>100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government

The report said that one-third of all income taxes are consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. "With two thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government."

https://en.wikipedia.org/wiki/The_Grace_Commission

>> No.52502672

They’re just a legacy form of tax. The new form of tax is to just steal your purchasing power. We probably won’t even have income taxes 50 years from now when governments realize they can just secretly print themselves money and realize that your average retard won’t notice or care

>> No.52503376

>>52502672
Income taxes have other uses for the government and/or extremely weathly beside acquiring money for the government to spend on shit. They stunt & stifle the incomes of the moderately wealthy, reducing their ability to become competition for the extremely wealthy, and reducing their political influence. This is why almost every "tax the rich proposal" hits the moderately weathy much harder than the super wealthy. Taxes need to be paid back with the local national currency, stopping people from using other currencies, and creating enough demand for the currency that the print in secret can sort of function. And finally, complex tax laws & selective enforcement make it easy for government to be able arrest its political opponents; any reasonably wealthy person is probably breaking at least one tax rule at any given time, due to how complex they are.

>> No.52503451

>>52501251
yes, it's cashflow activity used as collateral to print more money (this is also fake because there's no real ceiling on debt to GDP ratio), I'm sure you've heard that USA acts like corporations with it's citizen as resources
also since USD is the world reserve currency for other countries to grow in international trades USA must experience a deficit, for USA it's not the deficit or surplus that determine world hegemony but the status of reserve currency and SWIFT messaging system
it's like there's another layer from chuds understanding of reeeee fed prints money infinitum reeeeeee

>> No.52503479

>>52502638
>consumed by waste and inefficiency in the federal government,
taxes suck but it kind of sounds like they just said "everything that's not an interest payment is government waste" and then said "look, the government only wastes money and spends it on interest"

>> No.52503952

>>52503479
Its so much worse. Money doesn't get printed, only tards believe that. Money is debt, the more money that gets created the more interest (i.e taxes) that gets collected. So the higher the national debt the higher your tax rate.