My state is talking about forgiving the taxes on unemployment because of covid 19. What the actual fuck.
You have people that are working at fast food getting paid less and still paying taxes.
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Because every time they print more money, there is more money in circulation. Having more money in circulation lowers the value of the dollar. That’s how you get to countries like Zimbabwe that had 100 trillion dollar bills just lining the streets because they were worth less than toilet paper. The government should limit spending to what it brings in in taxes, and they should limit the money that they bring in in taxes to what they absolutely need. We all know the government doesn’t function as it should, though. The Fed should also not be printing money left and right, yet they do because they apparently don’t care about the value of our dollar, or they are actively trying to tank its value.
This.
In fact, the IRS does not exist to raise revenue. It exists to destroy dollars so hyper inflation does not occur.
The Fed has been printng a lot more than the IRS has been killing.... A good time to get into cryptos.
I understand that all $$ collected by the IRS goes toward the debt interest held by the Fed-so like our votes, we are not citizens, but subjects...