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If you lower taxes to 0 then there will be no demand for your money because people will start using other currencies as a medium of exchange.
by 3pt14159 6y ago
If you lower taxes to 0 then there will be no demand for your money because people will start using other currencies as a medium of exchange.
- bhupy 6y agoForget about cutting taxes, MMT holds that we can in theory institute a regressive UBI program that gives cash to people == to their effective income tax (thereby zeroing it out). The only limit, per MMT, is real resource scarcity. Now skip the extra step, and have bondholders just get paid back directly by the money printer.