news
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today/ . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
view the rest of the comments
I'm not in the US but one of my fav comments over this on another app said well if they're going to freeze our tax money like this and stop distributing it to social programs and so on, why are we paying our taxes?
It's a good point. A widespread tax strike would fuck this administration up.
While the dollar hegemony remains, unfortunately the US government can literally just print more money and be fine for a while.
Granted that's probably going to implode too if this kind of shit keeps up.
I think they're pissing off enough international heads of state that all it would take is a bunch of the largest to recall their debts and it would sink that strat pretty fucking quick. Tariff wars won't be kind to the US. I don't know what they think they have of value in this case. Moviefilms? The tech companies?
They still make cars I guess? Do tariffs apply to financial services 😂
Money only really works if people want what you're selling
That would be absolutely hilarious if all this results in Trump implicitly arguing that MMT is real.
If you are a worker, income taxes are deducted already, right? You don't have a choice. And you don't have the choice to not be paid in Dollars, all the corps only accept dollars.
And in the US there is a ton of private debt (mortgage, healthcare, student loan debt) all help with demand for Dollars.
For the Sovereign (US Federal Government), taxes are one way to create demand for Dollars which they make (first) and allow banks to make.
Not likely with regards to individuals, but I could see state and local governments withholding tax dollars taken out of public employees’ checks from going to the feds.
That would be sick
For sure, regional departments could do it. It would take a lot for individuals to get on board but it has happened before. Also I read from a fairly credible source that the *UAW is already working to organize a general strike for 2028 (wish it was sooner) as a way to push OrangeMeng out of office if it comes to that. I haven't verified but fuck I hope so.
I think it was Sean Fain of the UAW that initially proposed that
Thank you, I believe you're right. I read about it in a Robert Evans piece last week.