Recently heard someone trying to tell me that the government doesnt need a penny of our taxes, they just print the money they need and all tax is a complete scam. He is 100% in belief of this.
I hate taxes too (when they go towards wars), but is this actually true? He mostly gets his ideas from Facebook and x. So yeah.
Printing money causes inflation. Inflation is effectively a flat tax on anyone who has dollars. Which is to say it disproportionately impacts the poor.
So while printing money would be one possible way of getting rid of taxes, it’s absolutely a stupid idea.