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A staggering 80% of American households are financially worse off than they were before COVID-19
(finance.yahoo.com)
this post was submitted on 07 Nov 2023
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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???
Every dollar they can save by not spending on making US citizens lives better can be used to buy another missile or drone. The Ukrainian and Israeli armies have benefitted more from our tax dollars than US citizens have in recent times, it seems.
Clearly that's your fault for not getting into arms production.
Yes, stop eating avocado toast and start an arms production business by the bootstraps!
I'm all for weakening our second biggest potential enemy, who got into their current situation through an act of baseless aggression, by spending tax money supplying high tech weaponry to an ally willing to spend it's populations lives in defense of their country and ideals. That is a win-win.
I'm not so much ok with spending tax dollars to support a genocide.
Fair. I will agree that the tax dollars are most certainly better off going to Ukraine over Israel, at least morally speaking.
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.