Well, for the sake of argument, let’s say the federal government prints all of the money the state would need for an endowment and hands it to the state. There

Well, for the sake of argument, let’s say the federal government prints all of the money the state would need for an endowment and hands it to the state. There is inflation, but the state never has to collect taxes again. I think there are some small optimizations we can make to this flow though, like what if the feds who printed the money held the endowment for the state and just distributed payments, instead of letting each state manage its own endowment. Pretty much the same? Inflation, but no taxes.