Why Trump/Musk/DOGE have not saved taxpayers one cent.

The Trump/Musk/DOGE troika has done incredible damage to America and it promises to do even worse, all in the name of saving taxpayers’ money.

Yet, despite the sound and fury, firings, and lawsuits, no taxpayer has seen even a penny in savings, nor ever will.

The reason is that federal taxpayers do not pay for federal spending, so saving the federal government money does not translate into savings for federal taxpayers.

State and local governments are “monetarily non-sovereign.” They cannot create dollars at will. They rely on taxes and borrowing to pay their bills.

By contrast, the federal government is Monetarily Sovereign. It can and does create dollars at will, so it does not use tax dollars, and it never borrows dollars. 

If the federal government doesn’t spend tax dollars, why does it collect taxes? Two reasons:

1. To assure demand for the U.S. dollar by required taxes to be paid in dollars;
2. To control the economy by taxing what it wishes to discourage and by giving tax breaks to who it wishes to reward.

Those tax dollars you send to the IRS, or are deducted from your paycheck, do not pay for federal spending. In fact, tax dollas are destroyed the instant they reach the U.S. Treasury.

The dollars in your paycheck and/or checking account are part of the M2 money supply measure. When they reach the Treasury, they cease to be part of any money supply measure. They simply disappear into our Monetarily Sovereign government’s infinite supply of money.

Whether you send $1 or $100 Trillion to the Treasury, the wealth of the U.S. government does not change.

Although sending your dollars to the federal government will make you poorer, it won’t help the government pay its bills—not even by a penny.

Don’t believe it when Elon Musk and Donald Trump tell you they are saving you money. They are cutting staff to destroy the safeguards that protect you from a dictatorship.

Everything Trump and his minion, Musk, do is to increase their personal wealth and power. In their philosophy, you will see no room for compassion or concern about the people.

Let’s face it: Blindly firing thousands of people while having no knowledge of what they do or how good they are at their jobs does not bespeak “efficiency,” no matter what the Department of Government Efficiency tells you.

Quite the opposite, it indicates the desire to replace law and commonsense with absolute power.

Rodger Malcolm Mitchell

Monetary Sovereignty

Twitter: @rodgermitchell

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MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell;

https://www.academia.edu/

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A Government’s Sole Purpose is to Improve and Protect The People’s Lives.

MONETARY SOVEREIGNTY