• zephyreks@programming.dev
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    1 year ago

    Russia’s military budget in 2019 was $65 billion. It’s a waste of money that’s only practical because the US is literally swimming in taxpayer money (mostly because the US doesn’t invest in itself, but that’s another issue).

    • AngryCommieKender@lemmy.world
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      1 year ago

      At the federal level, taxes don’t pay for anything. They literally used to be burned when we still collected actual dollars. These days a number in a digital ledger gets set to 0. Taxes are the primary anti-inflationary device that government has to maintain inflation.

      Deficits don’t cause inflation, if they did Japan would be in hyper-inflation because of the massive deficits they have been running for 30 years. Instead they are barely able to hold off deflation of the Yen.