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Re:Ask HN: Why do we pay taxes if the Fed can just print money? by joaogfarias on Thursday May 21, 2020 @02:25AM (#23255418)
Printing money is a mechanism aimed at increasing the wealth of the friends of the King, aka the people who receive the new money earlier; bankers, big companies, high-level politicians, etc. This is called Cantillon Effect.

In practical terms, printing money is a tax: Inflationary tax. It transfers wealth from the people who receive the new money last to the people who receive the money first.

Therefore, the question itself doesn't make much sense, because money printing is a (more subtle) form of tax.

Re:Ask HN: Why do we pay taxes if the Fed can just print money? by me_me_me on Thursday May 21, 2020 @04:56AM (#23256252)
Never thought about it in this way, but it sounds right.

Thanks, I will how some reading to do over weekend :)