I don't think that's actually true since the 70s with the introduction of modern monetary theory. If I understand that correctly, taxes serve effectively as a

I don't think that's actually true since the 70s with the introduction of modern monetary theory. If I understand that correctly, taxes serve effectively as a means of decreasing wealth disparity, subtracting money out of the economy, and ensuring that a minimal level of work gets done. They are not a means of paying for things, at least at the federal level. At the state level, where they don't control the money supply, I think it might matter more. I know that MMT is a bit controversial in economic circles, and I am very much not an economist, but that's my understanding.