- Joined
- Oct 22, 2012
- Messages
- 32,516
- Reaction score
- 5,321
- Gender
- Male
- Political Leaning
- Libertarian - Right
because people need to get paid, because materials and supplies need to be purchased, because there needs to be administration of those things.
Who is being sent to jail?
thats makes no sense at all, why would you have to tax money FROM people geting paid for things to be purchased, makes no sense.
INCOME TAX IS A DIRECT TAX, DONT PAY IT...GO TO JAIL!
Because the government buys things like asphalt for highways and roads.
ok, and...? You just don't want to pay taxes?
Again why do we have a direct tax system, which sends people to jail, when we dont need a direct tax system when debt does not matter
for the reason i just said. Contractors, manufacturers, laborers can't be paid with credit.
Well, we've had federal debt for about 180 years...so....
For the reason I just said. Contractors, manufacturers, laborers can't be paid with credit.
Yep.. and it still gets paid. The fact that it does is why we have been able to borrow and have a strong dollar.
IF debt doesn't matter... then why doesn't the government just print more money. Its a fiat currency. We own it. So why not just print the money..... rather than tax people? Why do we have a tax system..which takes money out of the hands of people that will spend it?
:doh so inflation /deflation forces use to have a direct tax systemBecause of inflation or deflation. Take your pick.
Actually it was sovereign debt. It was debt issued by Argentina in a specific currency. Argentina issued Peso at 1:1 parity to the dollar. The peso fell dramatically against the dollar to 4:1 causing major inflation and they'd couldn't issue Peso bonds to pay off it's dollar bonds.
Apparently you don't understand it either. The type of currency issued doesn't matter as the country can issue it's own currency and exchange it for the currency they need to pay it off. But that doesn't happen because something you MMTers don't get, is it causes massive inflation like it did in Argentina.
What are you talking about? I never said anything about Argentina's debt. Please, cite the post, I dare you, else retract your statement since you're the one who is incorrect.
:roll:
You can't even follow basic conversation, he gave the answer not you. You posed the challenge, he answered it. There wasn't anything to not understand about your complete failure.
you posed no question to me.
my question has been simple if debt does not matter, why do we have taxation and overhead of such a system, why are we sending people to jail over something which is not needed.
you failed to answer that!
I asked you to demonstrate some harm that debt and deficits cause.
Your question to me is a dumb one that I have answered more times than it deserves to be answered. "Why don't we just eliminate taxes?" is in the same unworthy category as, "Why don't we just print a billion dollars for every person in the country?"
One last time: no taxation, like giving everybody a billion dollars, would drive demand through the roof and cause inflation.
Yep.. and it still gets paid. The fact that it does is why we have been able to borrow and have a strong dollar.
no i asked you to tell me, if debt does not matter, [WHICH IS YOUR CLAIM] when why are we direct taxed.
this nation has a tax system long before direct taxes came into being.
when you say "debt does not matter", then their are no consequences, so either you are wrong or you need to rephrase your wording
Debt does not matter.
Taxation matters.
Spending matters.
Debt does not matter.
no i asked you to tell me, if debt does not matter, [WHICH IS YOUR CLAIM] when why are we direct taxed.
this nation has a tax system long before direct taxes came into being.
when you say "debt does not matter", then their are no consequences, so either you are wrong or you need to rephrase your wording
fine, print me and other Americans 1 million dollars apiece please, so mine and other peoples debt problems are solved.
fine, print me and other Americans 1 million dollars apiece please, so mine and other peoples debt problems are solved.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?