a #tax #protest is a self-own

[joriki@infosec.exchange]

a #tax #protest is a self-own

the US federal government creates money when it spends it into existence after congressional authorization

your tax dollars go into the bit bucket

if congress has authorized the spending, nobody has to check if there's enough money; there is always "enough" money, just like a scorekeeper always has "enough" points available for the players

all of the "pay fors" and budget theater at the federal level are self-imposed restrictions on fiat currency spending; that's why there's always money for the military, oil industry subsidies, or financial sector bailouts, but never enough for food, healthcare, housing, education, etc.

there are practical limits on federal spending, but not financial ones (practical limits: inflation, availability of goods and services, crowding out private buyers, crowding out other uses for resources)

federal spending creates the tax dollars for taxes, not the other way 'round; taxes are there (primarily) to ensure acceptance and use of the currency so that goods and services will be priced in the currency the gov wants to spend (see the history of colonial currencies)

Meet the Americans withholding their federal income tax to protest against Trump

Some US taxpayers are refusing to pay the federal government amid ICE surges, the war with Iran and more

the Guardian (www.theguardian.com)