They make laws that claim to be for everybody but are only for people who aren’t rich or powerful. The rich and powerful can commit bribery, human trafficking, murder, and more without consequence but yet jail people for doing the same thing. It’s like parents who swear all the time but punish their children for swearing.
Don’t forget debt. I have to have an emergency fund but you just print money and spend it like there’s no tomorrow for years on end?
That’s because macroeconomics actually do work differently than microeconomics. The idea that a country should be run like a household is fallacy.
Maybe, in a perverse way, they aren’t all that different in the extreme. If I were a billionaire, I can take loans out against my securities basically forever. Governments can sustain a growing debt load forever if it grows more slowly than GDP.
Alas, I am not a billionaire.
Tell me you don’t know anything about economics without telling me you know nothing about economics.
Tbf, this post is a shower thought comparing governments to parents. Governments aren’t individuals.
Admittedly you have a point since parents are individuals in most of the US where I am from.
That hasn’t been true historically, nor does it need to continue just because we have done it that way for a few generations. Historically, parents are an entire community of adults raising the children as a group, which does map onto what a government is supposed to be fairly accurately.
A responsible company would have a 6 month emergency fund… Failure to plan ahead should not be my emergency
I’d argue that a responsible country should have something like a 10 year emergency fund. You never know when some natural disaster might come along and cripple a critical segment of your country’s production.
Instead they’ll just print more money and rob the poor and middle class through inflation… which drives stock prices up keeping the wealth of the wealthy fairly protected while the poors stay at the same level of income and have less proportional assets.
What’s the difference between $10 billion in printed money sitting in the federal reserve for such a fund and printing $10 billion dollars on the spot? Neither is affecting the economy until it leaves the federal reserve.
You clearly don’t know what taxes are for.
That’s to keep money flowing to the people sponsoring the politicans to keep them in power. It’s one big circlejerk.
Why do you think we have all these private prisons in the south? It isn’t helping crime rates… it’s getting the owners paid… and since they’re mostly black and brown people the locals LOVE it. Tough on crime… so long as it’s not wealthy people crime.
Tell me you know nothing about economics without telling me you know nothing about economics.
Taxes are an anti-inflationary measure that are implemented at the end of the federal governmental fiscal year. Where they get implemented is where politics comes in, but taxes are just money that is collected and deleted. We literally used to burn the collected currency, but since most of our currency these days is digital, we just zero out a line in the federal government’s accounting ledger.
Taxes never have, never will, and never can pay for anything when talking about a sovereign currency. That’s a conservative zero sum lie that people that don’t understand economics fall for.
Um, do you have any sources for that? Wikipedia says it’s illegal to burn money in the US under Article 18/333.
It’s illegal for citizens to do, not the FED