@ApostateEnglishman@mastodon.world
2026-09-20 06:24 UTC
@Hex@kolektiva.social A nice idea which unfortunately wouldn't defund the federal government, as it's entirely self-funding through money creation. It isn't a currency user, but the monopoly currency 👉🏼issuer👈🏼 - the source of all money in the first place. Taxes never fund national spending in a country that has its own currency and central bank.
If everyone stopped paying taxes the result would not be a government shutdown or sovereign default. It would however almost certainly trigger disastrous hyperinflation.
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