They did not confiscate $40B from tax payers. No taxes were raised in printing this money.
The $40B gift is a robbery from everyone who holds US dollars or is paid in US dollars. Every savings account, every minimum wage earner, hell every wage earner, will see the value of their US dollars and wages shrink and buy less of everything in the coming months.
And that $40B is just a drop in the bucket. They are printing trillions per year more than they bring in through tax revenues.
They did not confiscate $40B from tax payers. No taxes were raised in printing this money.
The $40B gift is a robbery from everyone who holds US dollars or is paid in US dollars. Every savings account, every minimum wage earner, hell every wage earner, will see the value of their US dollars and wages shrink and buy less of everything in the coming months.
And that $40B is just a drop in the bucket. They are printing trillions per year more than they bring in through tax revenues.
Nobody said they did.
Yes they are printing money, but they are also still borrowing money.
And $40 billion is not a drop in the bucket.
There are only about 74 million Americans who actually pay taxes.
Yup. Khazarian money magic.