this post was submitted on 04 Mar 2026
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I've been told the government doesn't actually need any of our taxes, if they truly need money they print or borrow it. So taxing is an utter scam.
I have no way to prove or disprove, but its a common theory.
I do wish i could see where every cent of my taxes truly go, unfortunately that's just an impossible task, it seems. I'm all for taxes that go to schooling, healthcare, roads etc.
If they simply print money at will then it becomes worthless. Current only has value when there is a limit to it and is backed by meaningful credit of the issuer. Long ago it was known as the gold standard that you could literally exchange currency for material gold. Now things are largely financed by debt issuance which has an attached promise of interest with it.