That makes no difference to their budget. They can still spend what they want, maybe with a little extra inflation, and they still balance their books anyway. The only thing they miss is that free couple hundred dollar loan from the 65%-ish that over withhold.
A government doesn’t need fiat currency, they just need to control the flow of it in/out of the economy. Sitting on your taxes is as good as paying them. Also, income tax is 48% of revenue and ~30% is paid by the top 5% of earners. I don’t think a 6 month delay on <18% of revenue would be noticeable.
That makes no difference to their budget. They can still spend what they want, maybe with a little extra inflation, and they still balance their books anyway. The only thing they miss is that free couple hundred dollar loan from the 65%-ish that over withhold.
A government doesn’t need fiat currency, they just need to control the flow of it in/out of the economy. Sitting on your taxes is as good as paying them. Also, income tax is 48% of revenue and ~30% is paid by the top 5% of earners. I don’t think a 6 month delay on <18% of revenue would be noticeable.