• 0 Posts
  • 27 Comments
Joined 1 year ago
cake
Cake day: June 22nd, 2023

help-circle
  • Government spend much money. Much money come from tax and borrowing. Let’s pretend there’s $100 in the economy. Gov’t takes 10% in tax. They spend $10, and the rest of the people share $90.

    When next year comes, the economy grew to $110 and the government Collect $11 in tax, but actually decide to spend $20. Meaning they borrowed $9.

    Year 3, economy grows to $150. Government gets $15 in tax, everyone feels “richer”, but government has to borrow to pay the $9 on last year, plus whatever new spending this year. Let’s say gov’t now owes $50.

    So the next year! They create inflation and everyone has lots of money but can’t afford shit. Maybe economy balloons to stupidity like $500. Government takes $50, and pays off their debt. Or could.

    In in this way, over time, inflation helps reduce the massive debt load incurred by governments because $1 is a lot easier to get in 2023 than it was in 2019.







  • For reasons I’m not sure about, I posted a screenshot of my bill below in answer to the quack telling me I don’t know what my bill was.

    We live in the upper, larger portion of the house and there is a suite downstairs. I’m not sure what they get up to, but the cost is high. We have led lights, central ac which we only use conservatively. Other power sucks would be the extra fridge in garage I guess, so the household (with the suite) runs 3 fridges, 2 sets of laundry machines and 2 dishwashers. Our range is gas.

    I have no idea how the bill is so high. I can only imagine how much higher it would be if I charged a vehicle on top - though I do understand that would eliminate the $120/week I spend on gasoline