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/biz/ - Business & Finance

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55640406 No.55640406 [Reply] [Original]

Realistically what happens if people just didnt pay it lol

>> No.55640413

>>55640406
Government would just borrow more money. The same shit they always do.

>> No.55640429

Taxes exist to tamper down on inflation by preventing you from having money. The state can print as much as it wants to create inflation

>> No.55640441

>>55640429
so what if they jsut stop printing money at all, thus no inflation?

>> No.55640528

>>55640429
Well the state without taxes would need to cut spending to keep the currency valuable

>> No.55640539

>>55640441
This is not possible because FIAT is backed by nothing and you cannot regulate it with a fixed amount because politicians have inherent interest to print while they are in power. They don't care what happens in 5 or 50 years. >>55640429