Keith Evans
2 min readJun 23, 2021

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Your piece is mostly accurate except for one thing. It presents the old "limited money" logic that says "if only they would pay more we could afford more". That is a falsehood, albeit a generally accepted one.

They, and their media and political puppets, have done a real good job of perpetuating the concept of "job creators" and the source of the money we all need to exist. In fact, there is only one source of US dollars and that is spending in the private sector by Congress, the monopoly patent holder for the US dollar. Banks can create credit and markets can shuffle money between buyers and sellers, but all "net' monetary asset must be born in Congress, and they return to die there when they are collected as tax payments.

Money collected to settle (federal) tax debts cannot "fund" anything, as it first encounters the "debt" as a primary accounting function and is destroyed/balanced by that debt. Destroyed money cannot be recycled to new spending, so every dollar Congress spends is a brand new dollar. The accounting shows deficits or surpluses simply to advise of how much money is in the private sector as monetary assets, created by Congress but not yet destroyed by taxation.

By Constitutional authority (Article 1: Section 8) Congress has an infinite amount of money available to it to spend and a mandate to do so "for the general welfare". Even if it collected "ALL" of the money Bezos and Gates have earned, it would still not have more than that, nor does it need more to properly fund anything that it deems necessary, is available, and denominated in US dollars.

Don't mistake this for an effort to defend the wealthy or excuse their avoidance of taxes. They should pay far more simply because they make too much and use it to pervert our society and democracy. I'm saying that making funding of a just and functional society dependent upon collecting their share of taxation is a fool's errand that immediately steps into the best funded and organized opposition in history. It is so much simpler than that. Just make them, and their money, irrelevant to the goals and social welfare of this great country. Once America sees that we don't "need" their money it will collect a whole lot more of it.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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