minus-squareseedotrun@lemmy.cafetoExplain Like I'm Five@lemmy.world•ELI5 What is the difference between a tax and a bond.? Is not a tax ongoing and the bond has a cutoff limit? If so then why do people gripe about taxes when they can have bonds?linkfedilinkEnglisharrow-up14·19 days agoYou seem to understand taxes - those ongoing mandatory payments to the government. A bond is a way for the government to borrow money. It’s an IOU that’s paid with interest. When you vote for a bond you are saying that you agree for the government to accrue debt. They will use tax money to pay that debt off linkfedilink
You seem to understand taxes - those ongoing mandatory payments to the government.
A bond is a way for the government to borrow money. It’s an IOU that’s paid with interest.
When you vote for a bond you are saying that you agree for the government to accrue debt. They will use tax money to pay that debt off