• robot_dog_with_gun [they/them]@hexbear.net
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      1 year ago

      that failure of the federal government has nothing to do with what i was talking about.

      on a local level the local taxes we all pay are directly in the budget for that spending. we literally vote on 0.025% property tax increases to pay for specific local projects.

      “taxes do not fund government spending” is literally false for entities that don’t control the currency or those resources.

      • moujikman [none/use name]@hexbear.net
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        1 year ago

        Modern Monetary Theory. From an purely economic perspective, SimulatedLiberalism is right.

        Think of taxes as an olympic sized swimming pool, a politician may say they are raising taxes to dump a new bucket of water into the pool, but some guy comes around once a month to drain or fill the pool so it always stays level.