Government can not just print money, because it devalue money (inflation). [This does not stop them from keep printing more though, Remember stamp use to cost 25 cents in 80s and now they are 41 cents]
Government tax us and we give them money to use for all sort of projects and programs.
If the money collected from us is not enough government has to borrow more money
To do this they sell treasuries, bonds etc.
now a person does not have to earn money they can just inherit it. Is stealing earning ? not sure
For your last question
I guess one can always file Bankruptcy and erase the gov debt. (chapter 7 can sometimes erase IRS obligations etc.)
More likely the laws loop holes you a looking for are made for Big Corps through lobbyist and far complex tax code.
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Submitted 48 days ago...
Why is it said that the US has no money?
The government ments make the money so why are we having so much problem with the economy?
Whats the rule of it all?
Does it state somewhere that a person has to earn the money?
Is there a loop hole to it where you can file for a grant but not be algable for one due to your ability to pay back the government in taxes?
This question was edited by Electrical 48 days ago.
Reason: Changed givernment to government
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Submitted 48 days ago...
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