Quote:
Originally Posted by epitome
So they have to pay the Federal Reserve interest but they can also have the Federal Reserve print money for free? Alrighty then.
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You seem to have reading comprehension problems.
I never said they can have the Federal Reserve print the money "for free."
I said they can have the FED print the money out of thin air whenever they want.
The interest still has to be paid and that is where the income tax comes in.
Also, the part about "thousands of other taxes" is important because those taxes actually do fund the government's operations, while the income tax simply pays the FED interest.