Devide
verb
Obsolete form of divide.
this post was submitted on 15 Jan 2025
936 points (98.1% liked)
Memes
52433 readers
1409 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not in the US at the federal level. Taxes are an anti inflationary device when dealing with a sovereign currency. It's the last step of the fiscal year. Step one is literally printing money, step two is distribution of those funds, step three is to allow the money to circulate between businesses and people, and then step four at the end of the year is to levy taxes to combat inflation. They used to literally burn the dollars they collected, now they just zero out an entry in a ledger.
That's more due to political will, than the economics of the system