@freemo i mean the modern monetary theory literally only taxes to remove inflation from their infinite cash printing, so thinking you are doing anything other than terrorism by being a tax man means you're an unironic retard.

@icedquinn @freemo Keeping the money printer going. That's what causes inflation. Taxes won't stop inflation.

@posrev @freemo the theory is if they print 1,000$ to spend on bullshit, that will filter in to the economy eventually. which causes the economic penalties. if you "tax" 1,000$ back out from the poor, the supply in motion doesn't change.

which amounts to a very elaborate reverse robinhood where the state continously issues loans for more money than exists and seizes it to pay off ever increasing debt loads.

@icedquinn @freemo The debasing of currency didn't work out well for the Roman Empire. They did it to fund their endless wars.

@posrev @freemo there is a 100% fail rate for fiat currencies.

@icedquinn

100% of people who eat spinach eventually die. Therefore spinach must be unhealthy.

@posrev

@freemo @posrev that's nonsense. gold/silver have retained trade value for >500 years.

@icedquinn

Not even remotely true. Gold has widly changed in its trade value over the years. In fact just in our lifetime gold has swung considerably.

@posrev

@freemo @icedquinn @posrev gold is fiat too, and it's only a good hedge against guvment collapse and nothing else :l_wink: