Why doesn’t the US end all income tax? Fiat money is just printed and there’s no need for the fed if the treasury can print the money too. Why not just eliminate income tax to draw in corporations and high net worth citizens? It would create more jobs and bring in more $.
I don’t get what I’m missing
In b4 “durrrr inflation”, they clearly don’t give a fuck about inflation
Economic question
Evan Thompson
Josiah Campbell
Taxes are a means of control. Why would they relinquish power willingly?
Isaiah Lopez
True
But cnbc is running YouTube videos that suggest raising taxes on the rich and corporations now. I’m wondering how they’re going to use it to fuck workers in the end.
Tyler King
It’s never been about making America better
Julian Miller
most dangerous idea in the world
Jaxon Peterson
BECAUSE YOU ARE A TAX SLAVE.
SIMPLE AS.
David Walker
yup income tax gives mr taxman complete authority to know exactly what you're doing all year long
Xavier Cruz
Income taxes originally passed because they promised it would only be the wealthy paying, iirc. The wealthy never really pay.
Ethan Russell
Imagine how much worse inflation would be if the deficits were several times as large because they have no tax revenue.
Hudson Wilson
You dumbfuck
The treasury could pay off any deficit. There’s no need for debts and the fed dummy
James Powell
>inflation and deficit
these are not related
Jose Ross
no income taxes!
Mason Taylor
fuck taxes, fuck kikes, fuck the irs, fuck the cia and fuck the fbi
Robert Clark
Jewish dual citizens and judeomasons use income taxes to punish their goyslaves. It's literally traitorous.
Jace Adams
Yep, this guy gets it. Taxes originally only applied to the top 3% of the USA ($300 or more yearly income, kek). Although I'm sure that was really just doctors and lawyers, not any of the real elites.
Leo Reed
All money is created digitally by private banks issuing loans (NOT government). Private banks create new, digital money AFTER the borrower signs the loan contract. The entire money supply is created this way- by PRIVATE BANKS.
OP is on to something: If we return to a debt-free, interest free money system, there would be no need for the national debt, interest payments on the debt, or income tax to service the national debt.
To accomplish this, we would need to zero-out ALL bank debts (all credit cards, auto loans, home mortgages, business debts, and government debts). Then simultaneously convert the existing money supply (Approximately $22 Trillion) to a debt-free, interest-free money (silver coins, US Notes, Greenbacks, etc.).
Get the proofs at:
bankLIESdotORG
Jeremiah Lopez
hmm great question OP
why do we still have massive government programs from WW2 ongoing?
my local construction company is still putting a 100 meter pipe underground after 2 months and redirecting traffic
I wonder how long it would take a chinese company to do that? 12 am to 4 am? hmmmm
William Morris
>turns your unemployed mom into a whore and your dad into a tranny slut to stop inflation
>dgaf about inflation
user….
Ryan Reed
taxes are there to control inflation
Parker Evans
You two dumbfucks don’t understand inflation
The money we spend on military bases over seas far exceeds the proceeds on taxes. That’s why we have a deficit every year since Bill Clinton
Ryder Thompson
private bank loan creation inflation is even worse than military spending
Income taxes have been illegal in California since the states first constitution said so
Hunter Clark
Taxes create demand for fiat which is important to the modern monetary slave system
Nolan Parker
>Why doesn’t the US end all income tax?
tax receipts are the biggest source of the federal governments income
>Fiat money is just printed and there’s no need for the fed if the treasury can print the money too
FX is a relative rates trade. If the US decided to go to negative interest rates and print QE infinity the DXY would lose value relative to other currencies. If the DXY cannot be defended it is at risk of losing reserve currency status.
>if the treasury can print the money too
M2 supply irrevocably causes inflation. No ifs ands or buts.
Jordan Morris
What a dumbass.
Fed funds rate has nothing to do with QE
What the tick are you even trying to say?