• Pili@lemmygrad.ml
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    1 year ago

    Great video, I learned a lot. But I’m confused about taxes now, I don’t really understand why they are needed if a government can just make all the money it needs. Can someone explain like I’m a dumb baby?

    • cayde6ml@lemmygrad.ml
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      1 year ago

      As far as I understand, taxes are used to finance services that capitalists refuse to provide, but more importantly, taxation is used to I think limit the supply of money. The government can print all the money it wants and nothing is inherently wrong, but that would devalue the currency. Be aware that I could be totally wrong.