• stella@lemm.ee
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    1 year ago

    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.

    • Echo Dot@feddit.uk
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      1 year ago

      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.

      • TopRamenBinLaden@sh.itjust.works
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        1 year ago

        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.

          • rusticus@lemm.ee
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            1 year ago

            Yes, stop eating avocado toast and start an arms production business by the bootstraps!

        • psycho_driver@lemmy.world
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          1 year ago

          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.

      • BeautifulMind ♾️@lemmy.world
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        1 year ago

        Didn’t it just come from taxes.

        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.

    • rusticus@lemm.ee
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      1 year ago

      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%.