[nico]

Unfortunately, the current tax structure disproportionately affects not-as-wealthy people/companies. So raising taxes would probably be a very unfair move to most people.

My fantasy would be for the government to abolish taxes altogether and just print the money they need, then use whatever mechanisms they have to take enough money out of the market to keep inflation in check.

That way we wouldn't have to pay taxes and the government could just get whatever money they need when they need it. I mean, they already do, so why make people jump through hoops and threaten them with jail for not paying taxes properly, if they could just do without taxes in the first place?

It kinda feels like the whole system is a scam to keep control over the population.

[mindslight]

> then use whatever mechanisms they have to take enough money out of the market to keep inflation in check.

What mechanisms would these be, if not taxes?

The other main contemporary mechanism is raising interest rates, which only works on money that has been previously loaned out at a lower rate, and thus isn't a long term sustainable mechanism for recapture.

[nico]

Great question. I don’t know, that’s why it’s a fantasy.

But I’m guessing that taxes isn’t the only or even the biggest way in which money is taken out of circulation.

In fact, if you ask google “how is money taken out of circulation?”, the first few answers don’t mention taxes at all.