Weird how when it comes to helping the working class, taxing the rich is never an option. But when it comes to helping the ruling class, you can tax the working class and print money.
You don’t give money to the bums
on a corner with a sign bleeding from their gums
Talking about you don’t support a crackhead
What you think happens to the money from your taxes
Shit the governments an addict
With a billion dollar a week kill brown people habit
Didn’t it just come from taxes. I know they claim there’s never any money but there’s always money, they just don’t to use any of it.
They’re always claiming they need to raise taxes but they don’t, they just need to spend them. Also possibly maybe they shouldn’t give contracts to their chums as backhanders. Maybe then they get better deals.
No, Treasury directed the fed to issue bonds and run those loans through banks and businesses. When Congress spends money, it spends it into existence- it doesn’t have a pool of dollars that people have sent in somewhere.
For that matter, when you pay your taxes, the money is used to zero out the bonds (again, in the Fed’s ledger) used to issue it. Remember, money in circulation is (from the POV of the fed) a liability on its books.
Mitch McConnell staring off into space - Good thing Americans had those stimulus checks to live off of for the past 30 months.
Speaking of, where did that money come from?
Did they just print it?
Weird how when it comes to helping the working class, taxing the rich is never an option. But when it comes to helping the ruling class, you can tax the working class and print money.
There is ALWAYS more money available to kill people with. Never so much to help folks with.
Just to add facts to your comment
America spent $8 TRILLION on two wars over 20 years
And just to add lyrics to your facts
https://www.youtube.com/watch?v=OO18F4aKGzQ
https://www.azlyrics.com/lyrics/brotherali/unclesamgoddamn.html
Sorry, have a complicated day ahead and I’m in a goofy mood as I allow myself to finish this coffee before jumping into it.
Hope your complicated day isn’t overwhelming - I appreciate goofy so thanks :)
Just busy and a lot of moving parts. Thanks!
(I swear I didn’t notice your username until after my prior comment!)
Unless those folks are corporations.
See bit corporations aren’t poors, they’re people.
Didn’t it just come from taxes. I know they claim there’s never any money but there’s always money, they just don’t to use any of it.
They’re always claiming they need to raise taxes but they don’t, they just need to spend them. Also possibly maybe they shouldn’t give contracts to their chums as backhanders. Maybe then they get better deals.
But, but, but … how could big politically connected companies ever be able to be competive in the Free Market without subsidies???
No, Treasury directed the fed to issue bonds and run those loans through banks and businesses. When Congress spends money, it spends it into existence- it doesn’t have a pool of dollars that people have sent in somewhere. For that matter, when you pay your taxes, the money is used to zero out the bonds (again, in the Fed’s ledger) used to issue it. Remember, money in circulation is (from the POV of the fed) a liability on its books.
Fun fact: more money was printed during the pandemic than in the history of the US. And 80+% of it went to the top 1%.