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It's a view that's created by a very orthodox approach of the economy. If you look at more modern school of thought the government don't really need taxes to do
by satellite2 3y ago
It's a view that's created by a very orthodox approach of the economy. If you look at more modern school of thought the government don't really need taxes to do anything.
So for instance according to MMT taxes create an ongoing demand for currency and are a tool to take money out of an economy that is getting overheated. This goes against the conventional idea that taxes are primarily meant to provide the government with money to spend to build infrastructure, fund social welfare programs, etc.
It's a bit the same idea with another modern approach FTPL but in that case with a more cautious and critical look, saying that low taxes allow high inflation and prevents the government from the need to pay its debt.
In any case the real question all those systems try to solve is how to best allocate resources, maximize innovation, growth, employment and limit poverty and inequalities. Be careful that thinking that poor people are stealing your resources with taxes don't become a shortcut for you to accept the tough idea that you have more resources than you need and some people should have less than what they need to support you.
- from-nibly 3y agoPoor people aren't stealing my money with taxes. The state is. Be careful thinking that the only way to help those in need or to redistribute abundance is through the threat of violence.