The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: Proposal to end public pensions Date:  7/11/2013  7:18 PM
Author:  Dwdonhoff Number:  428534 of 506046

Another relevant point is the govt can print money--which is something only govt can do. So, having the cash to pay is not a problem for govt.

So, a curious question; Why take away money from people as taxes at all? If printing up money is not a bad thing, why take earned/saved/spent money away from anyone?

If a govt fails, then the entire economy based on that govt fails as well. So, the money has no value--except as souvenirs.

Sounds like a BitCoin argument ;~)
Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us