You are viewing a single comment's thread from:
RE: Gov't Regulations vs Crypto Freedom
"Without taxes, society collapses due to the government not being able to do anything because they have no money."
Just thinking out loud here...
where on the printing press does it check to see if you've collected taxes before working?
If you think this is reductive logic, ask yourself is there any fiscal responsibility in the west that makes you assume such is necessary to operate a currency?
Could you restate your question as I don't know what you're asking?
First of all, that is an amazing name, props! Love Meditations.
I was merely pointing out, in a roundabout fashion, that pretty much all governments print more of their budget than they tax at this point.
In other words, the link between taxation and seignorage is slipping. Governments are just open printing/QE. At least temporarily, this seems to work regardless of tax receipts.
I agree with your argument, but you can substitute "printed out of nothing currency" for "taxes", apparently.
Not that I agree with it, because it will eventually crash.