Tax Policy for Sovereign Nations

L. Randall Wray

Chapter Chapter 5 in Modern Money Theory, 2024, pp 149-173 from Springer

Abstract: Abstract We have argued that taxes drive currency. Sovereign government does not need taxes for revenue, but to create a demand for its currency. With that in mind, we need to rethink tax policy. How best to drive the currency? What kinds of taxes are best? Besides driving a currency, what else can taxes be used for? We explore such issues in this chapter.

Date: 2024
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DOI: 10.1007/978-3-031-47884-0_5

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