A Way to Fund Government with ZERO Taxes

It takes a true liberal to love taxes.  Everyone else hates a tax, even if it supports the programs they happen to like.  Taxes cause groups to fight with one another over favors, pitting rich against poor, cause against cause, and ultimately person against person.  We can end all that.  Today.

Just print the money.

Congress does not really need to tax at all.  It could simple print the money it needed to support every program it created.  This is not a theoretical argument, by the way.  It could actually be done.  So why don’t they?

Some of you have already figured out that something has gone wrong here.  And you’d be right.  If government just printed the money, wouldn’t that cause inflation?  It would, and more.  The sham of fiat money would become immediately apparent.  If memory serves, the first place I saw this little gem of an idea was in the book The Creature from Jekyll Island.  Government already essentially supports itself with funny money, but in order to maintain the illusion of propriety, taxes are levied to make people think real money is moved from one place to another.

In fact, fiat money makes it possible to commit magic.  While one hand scolds the rich, fleeces the middle-class, and patronizes the poor, the other creates money out of thin air.  All the arguments about who gets taxed how much and when are illusions created by the Federal Reserve.  It keeps us busy while the real trick is being done–printing money hand over fist.  In the end, it will not matter who is or isn’t taxed because the system will have collapsed when enough people in the audience catch on.  Will you be one of those?

About Terry Noel

I am an Associate Professor of Management and Quantitative Methods at Illinois State University. My specialty is entrepreneurship.
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