Taxes have absolutely nothing to do with the economic system. They’re not required and haven’t been for 80 years. Things would only improve if people stopped using the currency entirely, and then only for them.
This. The Fed prints money and gives it directly to people they think need the money (banks, investment funds, government, etc). All taxes serve is to take currency out of circulation so the currency doesn’t collapse overnight.
Why do they need it to look legitimate? They print infinity currency every year. There’s no such thing as a balanced budget. The core concept of MMT is that taxes don’t matter, and they want it pushed immediately.
I feel this way about the tax system. If suddenly everybody quit paying taxes then many things would improve.
Taxes have absolutely nothing to do with the economic system. They’re not required and haven’t been for 80 years. Things would only improve if people stopped using the currency entirely, and then only for them.
This. The Fed prints money and gives it directly to people they think need the money (banks, investment funds, government, etc). All taxes serve is to take currency out of circulation so the currency doesn’t collapse overnight.
Taxes are needed to make the system look legitimate and to further demoralize the working class.
Why do they need it to look legitimate? They print infinity currency every year. There’s no such thing as a balanced budget. The core concept of MMT is that taxes don’t matter, and they want it pushed immediately.