I was wondering why the government has to deduct taxes from us. Why can’t they set aside what they need to begin with? I think I don’t have an idea of how money truly moves…
In: 0
The main reason everyone wants and accepts money, which is otherwise a meaningless government issued token, is because tax liabilities can only be settled with the governments currency.
If you don’t settle your tax liability, you go to jail.
In order to settle that liability you need money.
Therefore people are willing to work for in exchange for a meaningless token.
Therefore the government can hire people to be police, judges, teachers, etc by spending their tokens.
Latest Answers