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Taxes are required to give the currency value, to counter inequality and produce a stable society, to take money out of unproductive or overheating parts of the
by gghhzzgghhzz 5y ago
Taxes are required to give the currency value, to counter inequality and produce a stable society, to take money out of unproductive or overheating parts of the economy, and to discourage harmful (to individuals or society) behaviour.
- alangibson 5y agoThat's a pretty good rundown of MMTs thinking. The government spends money into existence. When inflation starts to tick up, tax the money back out of existence.