> What’s the last major life decision you made without at least consulting an AI? This seems like asking what's the last major decision you made without at least doing a web search. There's nothing wrong with doing a search. The trouble is when you rely too much on what you read, without checking it.
The Education of a Doomer
61–66 of 66 posts
Re: The Education of a Doomer
#62Earlier quoted context omitted.
I'm not sure if I'm misunderstanding you, but the purpose of taxes isn't to "compel people to acquire their currency", it's to remove that currency from circulation and prevent the currency they've printed from inflating itself out of existence.
Reducing inflation is indeed one of the reasons, but what I was getting at is that the government doesn't "need" people for tax revenue to pay for its services, contrary to popular belief. It needs taxes to make its money valuable. L. Randall Wray, "What Are Taxes For? The MMT Approach" (2014): > Sovereign government does not really need revenue in its own currency in order to spend. It is the tax that 'drives' the c…
Re: The Education of a Doomer
#63Earlier quoted context omitted.
Social safety nets have come about because labor movements were able to use their leverage over capital to extract concessions. When the labor movements have no more leverage, capital won't give it to them out of the goodness of their hearts.
Do the downvoters of this comment have an alternative set of examples from history or do they just dislike this uncomfortable fact?
Re: The Education of a Doomer
#64Earlier quoted context omitted.
I'm not sure if I'm misunderstanding you, but the purpose of taxes isn't to "compel people to acquire their currency", it's to remove that currency from circulation and prevent the currency they've printed from inflating itself out of existence.
Reducing inflation is indeed one of the reasons, but what I was getting at is that the government doesn't "need" people for tax revenue to pay for its services, contrary to popular belief. It needs taxes to make its money valuable. L. Randall Wray, "What Are Taxes For? The MMT Approach" (2014): > Sovereign government does not really need revenue in its own currency in order to spend. It is the tax that 'drives' the c…
Re: The Education of a Doomer
#65Re: The Education of a Doomer
#66Earlier quoted context omitted.
Do the downvoters of this comment have an alternative set of examples from history or do they just dislike this uncomfortable fact?
The largest social safety net in the US is the one provided for retired people, who aren't laborers at all.