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Re:Ohio GOP ends attempt to ban municipal broadband after pr... by starik36 on Tuesday June 29, 2021 @06:40PM (#27682687)
I am still confused how this isn't tax payer funded. If it comes from the government, it's tax payer funded.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by dragonwriter on Tuesday June 29, 2021 @06:47PM (#27682752)
> I am still confused how this isn't tax payer funded

Because federal government spending doesn't depend marginally on taxes.

> If it comes from the government, it's tax payer funded.

This would be true if changes in government spending were tied to changes in taxes, but it isn’t because they aren’t.

For state government operational spending its closer to being a general truth.

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by ghiculescu on Tuesday June 29, 2021 @06:53PM (#27682804)
That’s ridiculous. Why have taxes at all if spending is not dependent on them?
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by michaelbrave on Tuesday June 29, 2021 @08:28PM (#27683550)
In MMO's they have a concept called a "gold sink" where in order to fight inflation they create very expensive things and methods/payments that essentially waste money to keep the economy from crashing.

If most money nowadays is calculated digitally (which it is, most transactions are spreadsheets and databases instead of actual cash or goods) and the way most new money that is created is created in similar fashion (it is). Then the constrains of money creation are limited to faith in the system, value speculation (mostly by other countries for what they can trade it for) and inflation. Most monetary systems crash due to overprinting of money and excess inflation which causes a lack of faith in the system. Having something akin to "Gold Sinks" is part of keeping things running, taxes are a perfect way to do that, though the distribution could use some tweaking to get better results, especially if one cares about wealth redistribution.

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by dragonwriter on Tuesday June 29, 2021 @07:23PM (#27683048)
> Why have taxes at all if spending is not dependent on them?

In aggregate, to offset, to the extent viewed desirable, the money supply effects of the creation of money in spending, and in terms of specific distribution of taxes to effect a desired (re)distribution of net income.

Also, though the above would be sufficient on its own, because prior to the abandonment of commodity-representational currency for pure fiat, the metaphor of the fisc, a finite purse (from which we get the adjective “fiscal”) was a reasonable model of government finances, and there is a lot of inertia in popular models of the world. So, even though it is no longer an apt model, lots of people — both in the electorate and even in government — still view the world through a framework in which that is exactly how things work, which affects their decisions as electors or government decision-makers.

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by coding123 on Tuesday June 29, 2021 @08:06PM (#27683405)
Ok, so we're at the point where we just create money I guess. I didn't understand any of this mumbo jumbo but I'll follow for a second.

Even if this is all true and it's effectively free - we're saying the tax payer isn't paying for it. However isn't there still an unfairness when it comes to who BENEFITS from said broadband?

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by bawana on Wednesday June 30, 2021 @07:12AM (#27687172)
Because jobs and income streams depend on their calculation, collection and regulation.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by triceratops on Tuesday June 29, 2021 @11:41PM (#27684603)
To incentivize certain things and disincentivize others.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by thatguy0900 on Tuesday June 29, 2021 @07:12PM (#27682964)
Because you need to pretend the spending does depend on them. Otherwise the magic of Fiat currency starts to waver
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by roenxi on Wednesday June 30, 2021 @06:02AM (#27686760)
It appears you have defined the taxpayer out of existence. Assuming that the government goes to extremes and does away with the idea of taxes as the primary source of funding, what term will you accept to pithily describe "someone has to give up the resources that were used for this project, despite not personally wanting the project to happen"?
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by selimnairb on Tuesday June 29, 2021 @07:00PM (#27682872)
Also, municipal broadband is often funded by issuing bonds that are paid back with revenue from providing Internet service.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by kevin_thibedeau on Wednesday June 30, 2021 @12:53AM (#27685009)
Which is how we get those socialist big government monstrosities like water delivery and sewage handling.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by mc32 on Tuesday June 29, 2021 @07:14PM (#27682984)
It’s doubly confusing when you see signs up on the highway claiming “your tax dollars at work” next to highway projects when they come from fed and state taxes, but apparently those are not tax dollars...
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by selimnairb on Tuesday June 29, 2021 @06:55PM (#27682829)
Well, any Federal funds are categorically not tax payer funds. The Federal government spends money into existence as it is a currency issuer (through the Federal Reserve).
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by nl on Wednesday June 30, 2021 @02:39AM (#27685631)
This is (mostly) untrue.

US Federal Taxes go to the Treasury[1][2], which then spends it on Federal government programs. If spending is more than receipts, the US Federal Reserve issues securities (ie, sells bonds) to raise money[3].

Quantitative Easing by the Federal Reserve does cause money to "appear", but this is different to the general process for funding federal government programs[4] (Note that the money can disappear if/when the Reserve chooses to resell those assets).

[1] https://fiscaldata.treasury.gov/datasets/monthly-treasury-st...

[2] https://www.reuters.com/article/us-usa-trump-taxes-revenue-e... ("Of the $3.46 trillion in receipts taken in by the U.S. Treasury during fiscal 2019")

[3] https://www.stlouisfed.org/open-vault/2019/november/where-fe...

[4] https://www.forbes.com/advisor/investing/quantitative-easing...

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by starik36 on Tuesday June 29, 2021 @07:14PM (#27682986)
Wonderful. Than I suggest that we cancel all taxes and just use the printed money to fund everything.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by treis on Tuesday June 29, 2021 @08:17PM (#27683483)
Then what the hell are they doing with all the money I send them?
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by triceratops on Tuesday June 29, 2021 @11:43PM (#27684620)
Taxing your money away is a means of fighting inflation. Taxes and tax breaks also shape behavior. Sugary beverage taxes, tobacco taxes, mortgage interest deductions.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by selimnairb on Wednesday June 30, 2021 @06:49AM (#27687045)
Federal taxes also legitimize the currency by providing stable demand for the currency.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by irrational on Wednesday June 30, 2021 @12:18AM (#27684805)
Hopefully helping our poor and needy.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by bawana on Wednesday June 30, 2021 @07:14AM (#27687179)
Lining their pockets.
Re:Ohio GOP ends attempt to ban municipal broadband after pr... by NovemberWhiskey on Tuesday June 29, 2021 @07:11PM (#27682952)
Wait, what? No; that's not how that works at all. Where did you read that?

The shortfall between Federal government spending and tax receipts is the deficit. The government has to borrow that money, which it does by having the Treasury issue debt securities.

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by nl on Wednesday June 30, 2021 @02:40AM (#27685636)
This is correct. I attempt to provide references here: https://news.ycombinator.com/item?id=27685631

Not sure where these claims come from either.

Re:Ohio GOP ends attempt to ban municipal broadband after pr... by selimnairb on Wednesday June 30, 2021 @06:52AM (#27687055)
Federal government deficit=private sector surplus. The money is conserved. Federal surplus=private sector surplus. People who want to balance the federal budget either don’t know what they are talking about, or are cynically trying to redistribute money to the wealthy.