How did the government of the US raise money if they could not tax?

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2026-03-21 19:35

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If the U.S. government could not tax, it historically raised money through other means such as issuing bonds and borrowing from private investors or foreign governments. It could also generate revenue through tariffs on imports and fees for services. Additionally, the government might have resorted to selling public assets or engaging in public-private partnerships to finance projects and operations.

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