How very, very, cool

Welcome to the new paradigm of government funding where we realise that goverments pay for themselves, as some of us have always argued that they can, and did.

Farewell taxpayer’s money then: welcome to the realisation that what governments spend is all their very own.

The function of taxation is now – only – to prevent any inflation from a scarcity of real resources. As we’ve not got any inflation at present then we don’t need taxation, do we?

4 thoughts on “How very, very, cool”

  1. This assertion, and its variations, have always been so imbecilic. “Government doesn’t need taxation for funding as it funds itself”. “Government debt doesn’t matter so we don’t need austerity” etc.

    Proponents of the above are in all cases also proponents of huge levels of taxation, especially on the rich, which rather gives the game away. At least Ritchie sees a purpose for the tax, even if a stupid one, of “control inflation” (hey genius, given that aim why don’t we whack on huge VAT tax and leave everything else untaxed – why is the focus on the income of the rich where it will primarily impact savings and not where it primarily impacts consumption?) Plenty of others though that I have conversed with don’t even have that as a purpose. If they really believe that government debt doesn’t matter, and controlling inflation isn’t a recognised need, then the only reason they could have for taxes is sheer envy. Which rather nicely reflects the Left, eh?

  2. Welcome to the new paradigm of counterfeiting, where we realise that counterfeiters pay for themselves, as some of us have always argued that they can, and did…welcome to the realisation that what counterfeiters spend is all their very own.

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