Re:Tech Apple loses EU court battle over 13B euro tax bill i...
by superkuh on Tuesday September 10, 2024 @01:49PM
(#41503544)
Taxes don't fund government programs. Taxes are a way to mitigate the buying power of private capital when it comes to bidding against government for things. Governments just create money supply for programs. It's not tax money. That's just an old cliche.
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Re:Tech Apple loses EU court battle over 13B euro tax bill i...
by BadHumans on Tuesday September 10, 2024 @01:55PM
(#41503611)
Need a citation or some reading for this because it sounds like something you believe without cause.
Re:Tech Apple loses EU court battle over 13B euro tax bill i...
by superkuh on Tuesday September 10, 2024 @11:07PM
(#41507697)
It's literally in the 2nd paragraph of the wikipedia article. It's not a controversial statement. https://en.wikipedia.org/wiki/Government_spending
>Spending by a government that issues its own currency is nominally self-financing. *However, under a full employment assumption, to acquire resources produced by its population without potential inflationary pressures, removal of purchasing power must occur via government borrowing, taxes, custom duties, the sale or lease of natural resources, and various fees like national park entry fees or licensing fees. When these sovereign governments choose to temporarily remove spent money by issuing securities in its place, they pay interest on the money borrowed.* Changes in government spending are a major component of fiscal policy used to stabilize the macroeconomic business cycle.
Re:Tech Apple loses EU court battle over 13B euro tax bill i...
by pests on Tuesday September 10, 2024 @11:12PM
(#41507710)
Not saying this was his intent, but this is part of Modern Monetary Theory (MMT) which says governments print money to provide services, and collect taxes as a matter of policy to legitimatize the currency, and for inflation and unemployment controls.