this post was submitted on 11 Oct 2023
1398 points (96.9% liked)

Work Reform

10054 readers
478 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] workerONE 10 points 1 year ago* (last edited 1 year ago)

Federal government spending is not funded by taxes. When the federal government spends, it credits accounts with the press of a keystroke, creating money from nothing. The federal government issues money by spending and destroys money by collecting taxes. https://medium.com/@nicholasadiaz7/on-the-role-of-taxes-mmt-707fb4b3b80b