> Taxing things makes them less likely to exist. That’s the fundamental nature of taxes, and why I am opposed to every single tax.
And government spending makes things more likely to exist in exactly the same proportion (on the margin) and for exactly the same reason.
And government spending without balanced (taxation + borrowing) leads to inflation, which is functionally a tax on holding cash.
(Thanks to the dollar being a reserve currency, the USA gets to cheat a bit with borrowing, compared to everyone else — but even that's not unlimited).
And government spending makes things more likely to exist in exactly the same proportion (on the margin) and for exactly the same reason.
And government spending without balanced (taxation + borrowing) leads to inflation, which is functionally a tax on holding cash.
(Thanks to the dollar being a reserve currency, the USA gets to cheat a bit with borrowing, compared to everyone else — but even that's not unlimited).