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Re:Raise the capital gains tax and treat investment earnings... by dsr_ on Monday January 28, 2019 @06:37PM (#19022222)
Taxes raise revenue to pay for things -- that's true for households, cities and states. It's even true for many countries. It's not true for the US Federal Government: as you can see, the debt that we send out is a representation of the value we add to the world economy.

US Federal taxes are not primarily paying for things. They are to encourage use of the dollar; to redistribute wealth; to act as tools of policy. The government needs to issue debt in quantities similar to the expansion rate of the economy: when less is issued, the economy will suffer, and when more is issued, inflation begins.

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