The concept of a national deficit is so hard for me to grasp.
So a deficit is when the government spends more money than they take in from taxes, cool. So government just raises taxes when they end up doing that, sort of like how I up my tax contribution if I end up owing at the end of the year. Wait, they only raise taxes on the working class? Because the capitalist class, through their money, is able to organize and consolidate power? That’s shit but surely it doesn’t get worse.
Okay, so where do they get the money to spend if they’re spending more than they take in? It’s gotta come from somewhere, I’m sure they just print more and that can’t be bad. Oh, so when they print more money that makes the existing money worth less… Well that goes for the capitalists too, so at least that’s even. Oh, you mean that they get to park their money in appreciating assets while mine gets spent day to day and my wage stagnates so my purchasing power and meager savings just fucking declines… It surely can’t get worse.
Yeah, I remember that appreciating assets thing. Get it over with, how does that fuck me over? So the government issues bonds, basically guaranteeing a set return on the money capitalists spend on them. How can the government guarantee that? Isn’t the market too volatile for that kind of guarantee? Ah, of course they would make up the difference with taxes, which I just learned are dis-proportionately paid by the working class.
The concept of a national deficit is so hard for me to grasp.
So a deficit is when the government spends more money than they take in from taxes, cool. So government just raises taxes when they end up doing that, sort of like how I up my tax contribution if I end up owing at the end of the year. Wait, they only raise taxes on the working class? Because the capitalist class, through their money, is able to organize and consolidate power? That’s shit but surely it doesn’t get worse.
Okay, so where do they get the money to spend if they’re spending more than they take in? It’s gotta come from somewhere, I’m sure they just print more and that can’t be bad. Oh, so when they print more money that makes the existing money worth less… Well that goes for the capitalists too, so at least that’s even. Oh, you mean that they get to park their money in appreciating assets while mine gets spent day to day and my wage stagnates so my purchasing power and meager savings just fucking declines… It surely can’t get worse.
Yeah, I remember that appreciating assets thing. Get it over with, how does that fuck me over? So the government issues bonds, basically guaranteeing a set return on the money capitalists spend on them. How can the government guarantee that? Isn’t the market too volatile for that kind of guarantee? Ah, of course they would make up the difference with taxes, which I just learned are dis-proportionately paid by the working class.
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