If the government can print money for free why do we need taxes?

1. 2022-02-23 at 1:53 PM UTC

   #61
   

   Speedy Parker Black Hole [my absentmindedly lachrymatory gazania]

   Originally posted by SEGA Nigga Drive Nope

   
   Checks, bills of exchange, promissory notes, traveler's checks, bearer bonds, money orders or postal orders are all negotiable instruments.
2. 2022-02-23 at 11:27 PM UTC

   #62
   

   vindicktive vinny Black Hole

   Originally posted by SEGA Nigga Drive Bonds are not legal tender, next stupid question.

   
   
   
   define legal tender.
3. 2022-02-24 at 12:31 AM UTC

   #63
   

   SEGA Nigga Drive Tuskegee Airman

   Originally posted by Speedy Parker Checks, bills of exchange, promissory notes, traveler's checks, bearer bonds, money orders or postal orders are all negotiable instruments.

   
   Doesn't matter, bearer bonds are not legal tender.
4. 2022-02-24 at 12:37 AM UTC

   #64
   

   SEGA Nigga Drive Tuskegee Airman

   Originally posted by vindicktive vinny
   
   define legal tender.

   
   Acceptable to settle debts as a matter of law. I.e. can be tendered to settle debt, as a matter of law.
5. 2022-02-24 at 2:25 AM UTC

   #65
   

   ⠀⠀⠀⠀⠀⠀ Black Hole

   Originally posted by SEGA Nigga Drive …bearer bonds are not legal tender.

   
   So they're illegal tender?
6. 2022-02-24 at 2:31 AM UTC

   #66
   

   aldra JIDF Controlled Opposition

   Originally posted by ⠀⠀⠀⠀⠀⠀ So they're illegal tender?

   
   traders aren't legally compelled to accept them to settle debts
7. 2022-02-24 at 2:46 AM UTC

   #67
   

   ⠀⠀⠀⠀⠀⠀ Black Hole

   Originally posted by aldra traders aren't legally compelled to accept them to settle debts

   
   I'll bet they'd accept chicken tenders.
8. 2022-02-24 at 3:04 AM UTC

   #68
   

   aldra JIDF Controlled Opposition

   Originally posted by ⠀⠀⠀⠀⠀⠀ I'll bet they'd accept chicken tenders.

   
   sure, but that's what 'legal tender' means - they're legally obliged to accept it. it doesn't mean it's the only thing they can accept.
9. 2022-02-24 at 10:05 AM UTC

   #69
   

   the man who put it in my hood Black Hole
   I only accept illegal tender
10. 2022-02-24 at 11:22 AM UTC

    #70
    

    SEGA Nigga Drive Tuskegee Airman
    Anything can be tendered to settle a debt. It's the acceptability as a matter of law that makes something legal tender.
11. 2022-02-24 at 11:24 AM UTC

    #71
    

    the man who put it in my hood Black Hole
    What does the law have to do with it? You don't need a law to accept a medium of exchange
12. 2022-02-24 at 11:28 AM UTC

    #72
    

    SEGA Nigga Drive Tuskegee Airman

    Originally posted by the man who put it in my hood What does the law have to do with it? You don't need a law to accept a medium of exchange

    
    You don't need the law to accept something, the law is there to ensure you don't not-accept it.
13. 2022-02-24 at 11:30 AM UTC

    #73
    

    the man who put it in my hood Black Hole
    Fuck fiat currency, I only accept rypto
14. 2022-02-24 at 1:39 PM UTC

    #74
    

    SEGA Nigga Drive Tuskegee Airman
    Crypto is like fiat but worse
15. 2022-02-24 at 1:45 PM UTC

    #75
    

    Jiggaboo_Johnson Black Hole
    They can't print money for free.
    Costs to print notes:
    
    $1 and $2 6.2 cents per note
    $5 10.8 cents per note
    $10 10.8 cents per note
    $20 11.2 cents per note
    $50 11.0 cents per note
    $100 14.0 cents per note
    
    https://www.federalreserve.gov/faqs/currency_12771.htm
16. 2022-02-25 at 1:19 AM UTC

    #76
    

    the man who put it in my hood Black Hole

    Originally posted by SEGA Nigga Drive Crypto is like fiat but worse

    
    Grain is better
17. 2022-02-25 at 1:20 AM UTC

    #77
    

    the man who put it in my hood Black Hole

    Originally posted by Jiggaboo_Johnson They can't print money for free.
    Costs to print notes:
    
    $1 and $2 6.2 cents per note
    $5 10.8 cents per note
    $10 10.8 cents per note
    $20 11.2 cents per note
    $50 11.0 cents per note
    $100 14.0 cents per note
    
    https://www.federalreserve.gov/faqs/currency_12771.htm

    
    so whjy the fuck are my taxes so high if money is so cheap to print when it costs $300 to send $1000000 USD worth of Ethereum or BTC
    
    explain that one professor
18. 2022-02-25 at 1:55 AM UTC

    #78
    

    SEGA Nigga Drive Tuskegee Airman

    Originally posted by the man who put it in my hood Grain is better

    
    Grain rots fast. Shares in farms are better. Actually farms can fail. Shares in other aspects of the economy. In fact why not the whole economy? Congratulations you just invented fiat currency.
19. 2022-02-25 at 2:47 AM UTC

    #79
    

    the man who put it in my hood Black Hole
    I thought fiat was "backed by gold" so even after 1000 years when the money dissolves they can just print a trillions more and boot things back up like nothing happened as long as robots maintain fort knocks
20. 2022-02-25 at 2:56 AM UTC

    #80
    

    SEGA Nigga Drive Tuskegee Airman

    Originally posted by the man who put it in my hood I thought fiat was "backed by gold" so even after 1000 years when the money dissolves they can just print a trillions more and boot things back up like nothing happened as long as robots maintain fort knocks

    
    No.