3 ms·

Taxes are how the government makes a sovereign money worth something. You need dollars because you need to pay taxes in dollars. You might want to read some Mo

• AnimalMuppet 8y ago
  Note that "modern monetary theory", despite the name, is not a mainstream economic perspective.
• danieltillett 8y ago
  No what makes sovereign money have value is the threat of violence. The government could force the population at the end of a gun to accept payment for the goods and services it wants with no taxation (i.e. give me X and take this paper token in exchange or you and your family will be shot). Taxation is just a more polite version of a shakedown. In practice since most taxation is just used to pay for goods and services the population wants there is popular support for taxes. In places where taxation is more outright theft, tax avoidance is rampant.