What are taxes actually for? – Claire Connelly

We need to talk about taxation. I do not think it means what you think it means.

In countries whose governments issue their own currencies, taxes do not pay for federal services.

Governments like those of the US, UK, China, Australia, Canada, etc run spend & tax economies, not tax and spend. They do not need your taxes to pay for anything. You might be angered to know that, actually, your taxes are not used for anything after you pay it. Not at a federal level. Your taxes are essentially destroyed upon receipt. Taxation is the act of taking currency out of the economy. Using your taxes to pay for public services would keep that money in circulation, thus serving the very opposite of its purpose.

A very important article for people to read. Without understanding this, no progressive ideas will ever be able to come to fruition, and the world and the majority of it’s people will continue suffer as they are now.

Source: What are taxes actually for? – Claire Connelly – Medium

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