To Whom? To None.

Again, you have this idea that the purpose of taxation is to control the amount of money in the economy. That's nonsense and I don't know where you got that from.

Money is removed from circulation when they stick it in an offshore account never to be seen again. Basically like burying it in your backyard. The purpose of taxation is to put in for the running costs of our society - effectively, putting that money BACK into circulation.

Where are you getting your economic theories from?

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Taxation has several purposes, primarily it is to give fiat currency perceived value as you have to pay your taxes in US dollars. The only thing to prevent us from spending money in to creation is inflation therefor the reason for progressive taxation.

pretty sure LoT is referring to MMT:
https://www.marketplace.org/2019/01/24/economy/modern-monetary-theory-explained

I'd like to talk about money. And I don't just want to talk about the state of the economy in general or even wealth disparity, etc, as important as those issue are. But what I really want to talk about is the source of money and how it works, and can evolve to work, from the top on down.

One of the greatest illusions created ever was the successful invention and use of fiat currency. It is literally back by nothing, well almost nothing.... It's backed by the government who's got the guns to come and take you away and everything you own if you don't pay your taxes, heed the system, etc.

And why is taxation so important? The number one reason taxes are important is because they give fiat money value, because we all have to pay taxes in the currency our country demands.

But I don't even want to talk about taxation as much as I do debt. Debt is a funny thing. Why on earth do we have debt as a nation when our government has the right to create it at will? Obviously some might say inflation. And it is true we can create and spend as much money as we want with inflation being the only ceiling.

But if we spend into the economy letting it cycle however many times before progressive taxation removes it again, just how much inflation would that create or not has been suggested is dependent on the availability and demand of such goods and services.

Regardless what is the government doing lending money from other banks that sometimes are even given, to turn around and charge the government interest on their own money?

I know maybe there are some seemingly rational answers out there. But the truth of the matter is just like private medical insurance being unnecessary and basically a racket the same could be said for commercial banking.

The government could be the bank for in the very least smaller interests, The People, providing low interest loans in which they would in all certainty be paid back as our lives and the governments are pretty intertwined from the taxes we have to pay, to the licenses and passports, etc, that we need. And I'm not even suggesting this necessarily be done for profit but instead for the public welfare. There I'm sure is a calculus as to how much money needs to go into and out of the economy to be healthy and that should influence the interest rates the government should charge.

Modern Monetary theorists purport way more could be spent into the economy that we think.

Regardless all the economic computations could be figured out and a health thriving economy could work like clockwork without falsely created boom/bust cycles which are often times manipulated from Large Economic interests buying things pennies on the dollar, building them up, only to send them crashing again at the right for their self interests moment.

So many of you may like some of the ideas I've talked about. Maybe you agree or disagree with how I think things work economically on a systems level. But what we really need is to be advised by economists who really know what they are talking about. Granted there is disagreement even in that field. But after being advised it is we via #direct_Democracy who should be making these decisions concerning debt, and banking, and ultimately where the money goes.

This is at the heart of politics that those who are manipulating the system don't want you to see. Don't look behind that curtain! We are distracted by identity politics, the duopoly, the media, etc, anything but scrutinizing what they really care about, which basically translates down to power. Well time to ring out that old cliche. "Power to The People"!