Keith Evans
2 min readJul 5, 2023

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Decades of propaganda and billions of dollars have been invested in forming an entirely erroneous concept of federal finance and our monetary system. You have displayed proof that the investment has paid off with this article that hits almost every one of their talking points, even if you feel you are somehow in opposition to their goals.

If you believe that our currency-issuing government needs to "obtain" that currency from the wealthy to fund social programs, or that we are powerless against their wealth and its influence, you also commit to maintaining their status to fund future government spending. These are the roots of meritocracy and the myth of "job creators" that have moved the working middle class backward from the gains made during the New Deal.

Taxation serves many purposes in our economy, but none of those is to "fund" the government or its programs. Any government with a free-floating fiat currency that it creates on demand to deploy resources in the private sector can "afford" anything that can be purchased with that currency, even without any "revenue" and regardless of past revenue/spending positions.

For such a government, its "debt" acts as the net money supply in the private sector. Taxation serves to control that money supply, prevent excessive accumulation of wealth, and maintain balance in the economy. Conflating taxation with "funding" for the spending of the government is the single most egregious cause for the rise of austerity economics now happening worldwide and the false narrative of "efficiency" in governments, which were never designed to be efficient in terms that can only relate to business or non-currency issuing entities, such as state and local governments.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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