With all the money being printed by the Feds, there's a lot of demand for places to put it that are better than banks. It's easier and more politically rewarding for them to boost their debt through the roof than to mandate taxes, since there's plenty of demand to buy their bonds.
(And by the time many of those bonds come due, the dollars needed to pay them back will be worthless.)
Are they going for the vat form of taxation? That seems worse. I got royally hosed buying something from the UK on that vat shit.
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