News for hackers. Stuff that matters.
Re:61% of Americans paid no income taxes in 2020 by spywaregorilla on Thursday August 19, 2021 @10:54AM (#28234594)
This is effectively arguing that because the eventual end state is the same, it doesn't matter what path we take to get there. But that's not true, it matters a lot, and there's a universe of externalities to what you suggest.

Deciding we're just not going to collect taxes anymore and that we'll pay off debts by printing out extra dollars would have enormous effects on bond prices, international trade, the US dollar benefiting from being the premiere currency of the world, etc.

Stupid idea.

There are no comments on this comment yet.