I don't think you have a realistic understanding of "taxpayer money".
You know the budget hasn't been balanced in years, right?
Let's guesstimate that over the last 20 years, for each dollar taxed, the government has been spending 5 more.
Those 5 dollars came from private investors and commercial banks. They gave USD money to Treasury, and received an IOU note from the Treasury. So:
1) The money is national debt, not taxpayer dollars.
2) The QE and other "unusual" things done by the Fed in the last decade means many of the Treasury notes are now held directly by the Federal Reserve. Treasury can and will magically convert the notes to USD currency over time, which the Fed disposes of by sending USD back to ... the Treasury.
3) The debt and Fed actions don't necessarily cause inflation. Also, inflation is a form of a "sales tax", which isn't what people consider "taxpayer money" (in the US, there is no general sales tax, only federal income tax)
I understanding this perfectly well. Every bailout was monetized in this way. Nobody paid a special assessment on the tax form called "bailout". Doesn't change the fact that they will be paying and this is happening again. All you are saying is that it is not only literally taxpayers who pay but also everyone who holds US dollars.
You know the budget hasn't been balanced in years, right?
Let's guesstimate that over the last 20 years, for each dollar taxed, the government has been spending 5 more.
Those 5 dollars came from private investors and commercial banks. They gave USD money to Treasury, and received an IOU note from the Treasury. So:
1) The money is national debt, not taxpayer dollars.
2) The QE and other "unusual" things done by the Fed in the last decade means many of the Treasury notes are now held directly by the Federal Reserve. Treasury can and will magically convert the notes to USD currency over time, which the Fed disposes of by sending USD back to ... the Treasury.
3) The debt and Fed actions don't necessarily cause inflation. Also, inflation is a form of a "sales tax", which isn't what people consider "taxpayer money" (in the US, there is no general sales tax, only federal income tax)
[1]: https://fred.stlouisfed.org/series/TREAST
[2]: https://www.brookings.edu/blog/up-front/2022/06/01/what-if-t...
[3]: https://stephaniekelton.substack.com/p/how-do-you-solve-a-pr...