_portrait.jpg){kind=link}
this post was submitted on 09 Apr 2025
1358 points (99.3% liked)
Leopards Ate My Face
6905 readers
820 users here now
Rules:
- The mods are fallible; if you've been banned or had a post/comment removed, please appeal.
- Off-topic posts will be removed. If you don't know what "Leopards ate my Face" is, try reading this post.
- If the reason your post meets Rule 1 isn't in the source, you must add a source in the post body (not the comments) to explain this.
- Posts should use high-quality sources, and posts about an article should have the same headline as that article. You may edit your post if the source changes the headline. For a rough idea, check out this list.
- For accessibility reasons, an image of text must either have alt text or a transcription in the post body.
- Reposts within 1 year or the Top 100 of all time are subject to removal.
- This is not exclusively a US politics community. You're encouraged to post stories about anyone from any place in the world at any point in history as long as you meet the other rules.
- All Lemmy.World Terms of Service apply.
Also feel free to check out !leopardsatemyface@lemm.ee (also active).
Icon credit C. Brück on Wikimedia Commons.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Also where the fuck is the tariff money going. Never a single mention of that.
Tax cuts for the 1%.
A few pockets here and there.
Governments are slightly weird, financially. For most people and businesses, money is analogous to water. For governments, with a fiat currency, they create and destroy it.
Money is "created" when the government "spends". It then flows through the system. Eventually, it is "destroyed" when it is taxed. The goal isn't to keep the amount of currency the same, but to control the "pressure" in the system. Too much pressure (money) causes inflation. Too little causes financial issues.
So in short, tariffs either go to the government coffers, or get destroyed, depending on how you look at the system.
It's been 15 years and I'm still not sure if MMT is an accurate description of Economics, a persuasive analogy, or convincing bunkum.