Keith Evans
2 min readOct 12, 2022

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The "Bro" in question will fire back at you about his money "creating jobs" and how government only takes money out of potential investment capital. If the money and our monetary system worked as you describe it (and how most people believe it does) he would have a somewhat valid argument.

I know we've had this discussion before, but I have to interject some reality here. While taxes certainly have an important place in our economic system, they do "NOT" fund it, or our government. Taxes impose liability on the citizens that can only be paid in the denomination the government can create at will.

You can't even use Canadian dollars, as much as we love our neighbors to the north, to pay them. Only dollars created previously by the US Congress are accepted. Ditto with "lending" money to our government via Treasury bonds. That also requires that the dollars loaned be in existence before the purchase, regardless of who wants them, even China who is willing to trade us real resources and labor for pieces of paper that we pull from our backsides at will.

Taxes indeed make all the things you listed possible, but there is no direct connection between taxes and the spending that "funds" them. The US dollar is self-funding when it is spent into existence in the private sector, regardless of the government's revenue position, because it can collect taxes in the currency denomination that it creates and has an infinite supply of. That, however, doesn't mean that it must or even can collect taxes before it spends sufficiently to satisfy the public purpose mandates in our bill of rights (Article 1: Section 8).

When Britain colonized the African continent the indigenous people told them to pound sand when they were offered Lb Sterling notes for their resources and labor. Britain then imposed a "hut tax" and burned down the dwelling of anyone who didn't pay it on demand. Within a very short time, Lb Sterling was the only currency used in the Continent area Britain controlled.

If you create and control the currency you control the people and their commerce. This is why CryptoBro's coins will never be a real currency. No government will ever again accept a currency it cannot create at will to provision itself as tax payment (except countries in the Eurozone where nations are more like our non-currency issuing states now).

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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