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submitted 1 year ago by Geert@lemmy.world to c/world@lemmy.world
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[-] zephyreks@programming.dev 4 points 1 year ago

Russia's military budget in 2019 was $65 billion. It's a waste of money that's only practical because the US is literally swimming in taxpayer money (mostly because the US doesn't invest in itself, but that's another issue).

[-] AngryCommieKender@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

At the federal level, taxes don't pay for anything. They literally used to be burned when we still collected actual dollars. These days a number in a digital ledger gets set to 0. Taxes are the primary anti-inflationary device that government has to maintain inflation.

Deficits don't cause inflation, if they did Japan would be in hyper-inflation because of the massive deficits they have been running for 30 years. Instead they are barely able to hold off deflation of the Yen.

this post was submitted on 01 Oct 2023
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