Governments aren't really funded by taxes; that's just an illusion. 

The math is clear. The U.S. government mainly gets its money by issuing #bonds or #treasuries, mostly bought by the Fed, which can print money to buy them without producing anything. 

Taxes make it seem like we're funding the government, but the real cash comes from borrowing and printing. 

#NayibBukele said it clearly: this keeps the system going while hiding the truth about where the money really comes from. https://image.nostr.build/a0a0ea24756938e37f08aa182538087e0adbc8e912f7dfda667d83c96026b494.jpg  

 SO TRUE.   Now,  we should be asking what is the purpose for taxes?  Anyone find it curious that the FED and the Income Tax came into existences in 1913? 

 Is a well engineered and orchestrated system. It worked well in times where the information didn’t go so fast. Now is different, is too obvious, even though, is very hard to see. 

 They only turn to the bond market when tax revenues are insufficient. It's not correct to say that the US government mainly gets its money by issuing bonds or treasuries.  

 Is my understanding that TAX collection is not sufficient for their actual spending the typically run in deficits that’s why the normally turn to the bond market. Do you have data to back your take? We can certainly learn from you 🤓🙏 

 Every year their tax collection is insufficient. That is correct. The spending by the US government is out of control and it is increasingly being financed by the federal reserve each year.