politics

Trump wants to abolish income tax and fund the government with tariffs.

Tariffs will also, according to him, repatriate the lost manufacturing and bring those jobs back home.  

So if that happens what’s funding the federal government?  🤔

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Inflation.
Which is funny considering how much the conservatives complain about it. They understand that gov spending is printing money but refuse to understand that taxes is the other side of that and deletes money from supply. So technically we could keep printing without taxes.... The result however would be hyperinflation.

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That money isn't deleted tho, it's recirculated to banks, federal wages, health care, etc.

Not sure I follow. The government pays it's employees, gives its grants etc. That money is certainly still in circulation, no? I tend to think it's all smoke and mirrors, I've tried for decades to understand what Money is and still don't get it.

I'm not sure that's true, MMT people say it's deleted, others say MMT is wrong, 🤷‍♂️
Perhaps it's not technically true but it is in a practical sense due to political norms and choices.