I would suggest first reframing how you see the mechanics of government finance: https://www.youtube.com/watch?v=XnSaBGthkio https://www.youtube.com/watch?v=Xn

I would suggest first reframing how you see the mechanics of government finance: https://www.youtube.com/watch?v=XnSaBGthkio https://www.youtube.com/watch?v=XnSaBGthkio Governments create money when they spend and then tax it back. It is the point at which taxes are imposed that enable spending. Tax collection is the end of the transaction. So the constraint on government spending is aggregate spending, not total tax receipts last year. Armed with this information you can deduce that the government can purchase any output not consumed by the private sector at a fixed minimum price, so long as it doesn't compete with the private sector for the same resources, the most obvious being labour: http://www.jobguarantee.org/ http://www.jobguarantee.org/ Once you have this understanding of how government finance works you can see that the government isn't desperately trying to "raise revenue to fund itself" but rather, needs to ensure it creates sufficient space in the economy to spend without inflation risk. Most social programs deal with the fringes of the private sector and thus carry no inflation risk, and so long as they're counter cyclical do not need to be "funded" as such. For everything else, taxing assets, wealth and resource usage will suffice! https://www.nakedcapitalism.com/2014/06/randy-wray-tax-bads-not-goods.html https://www.nakedcapitalism.com/2014/06/randy-wray-tax-bads-...