Taxes Aren't Necessary

[Martin Hash]

Because money is imaginary, as long as production matches consumption, no taxes are necessary: issue money as needed.

The 2 problems are dishonesty & savings. Dishonesty, both fiscal & actual, is due to lack of feedback in government spending. Savings is problematic because the money on balance sheets could far outpace the nation’s gross wealth. Inflation will be manageable for commodities, but status & investment items will be volatile.

[SuburbanFarmer]

Money printing IS production. The 'goods/services' are created out of thin air, lowering the value of all other goods/services. This is how inflation works.

[Martin Hash]

Money printing IS production. The 'goods/services' are created out of thin air, lowering the value of all other goods/services. This is how inflation works.

Inflation in a Free Market system occurs when more people want something than there is available. We have way over-capacity of most commodities.

I've always been against vast accumulations of wealth, saving for retirement, and status-seeking, so inflation is not the bugaboo to me that it is to Royalists.

[SuburbanFarmer]

Money printing IS production. The 'goods/services' are created out of thin air, lowering the value of all other goods/services. This is how inflation works.

Inflation in a Free Market system occurs when more people want something than there is available.

Take another look at the supply/demand curve.

We have way over-capacity of most commodities.

The opposite of what you just said.

I've always been against vast accumulations of wealth, saving for retirement, and status-seeking, so inflation is not the bugaboo to me that it is to Royalists.

It's not a problem unless you have money, I guess.

[Fife]

Well, there's *something* imaginary going on here.

[Martin Hash]

Economics is soothsaying, not science. People live in a mass delusion of self-interest & confirmation bias. Understanding reality requires you subsume both your pride and your fear.

[DBTrek]

Does this tie into Fife’s “spontaneously self-generating roads/deer roads” theory somehow?

[Martin Hash]

Fife is a free-riding Royalist who thinks a small group of people justifiably own everything and take most of the opportunity. I say print money rather than collect taxes but keep doing all the things that increase productivity and expand opportunity.

p.s. The Top 20% still get taxed but that's for opportunity redistribution, not infrastructure.

[DBTrek]

Just print money?
German hyper-inflation?
... wheelbarrows full of money for a loaf of bread?

[SuburbanFarmer]

Just print money?
German hyper-inflation?
... wheelbarrows full of money for a loaf of bread?

FREEDUMB