I think taxes stopped making sense since 1971 when the USD became a fully fiat currency.
if the government can print money, what's the point of collecting money through taxes?
if the government can print money, what's the point of collecting money through taxes?
There’s a really good argument to be made that taxes are actually a huge part of why dollars have a stable value.
Let’s say you buy a house for $1 million. 1% interest rate means you have to pay $10,000 every year to your local tax board. That means that you need to acquire US$10,000 or you lose your home. That means you need to earn USD. If the USD hyperinflated, 1% of your house is now $100,000. Now you need to go earn $100,000 and pay that in taxes — which is actually making dollars more in demand, countering inflation.
now add in asset forfeiture driven by legally mandated black markets and the picture is ever so slightly more complete.