Keith Evans
Sep 14, 2021

When people realize that their taxes don't actually fund their government efficiency becomes moot in the grand scheme of things. Every dollar the government spends for the common welfare becomes someone's monetary asset in the private sector without the currency drain of taxation on the economy. Taxes are still very important to control inflation and keep inequality in check, but they don't, and cannot, "fund" the monopoly currency issuing government.

My thought, in agreement with most MMT economists, is that the wealthy will pay much more in taxes when they are seen as irrelevant to the function and needs of government and their influence as job creators will be all but nil in the economy the currency issuing government is capable of providing.

Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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