facebook pixel
Most people are taught a very simple story about money. Work. Earn. Pay taxes. Government uses taxes to run the country. But the deeper you look into how modern monetary systems actually work… the stranger it becomes. Governments don’t operate like households. They can run deficits for decades. They can create new currency through central banks. They can borrow against the future. In the United States alone: • Trillions are spent every year beyond tax revenue • The national debt continues rising • Central banks expand the money supply during crises So naturally a question appears in people’s minds: If governments can create money… why do taxes exist? The real answer is more complicated than most political arguments admit. Taxes serve multiple purposes: • Funding public services • Redistributing wealth • Controlling inflation • Influencing behaviour through policy • Maintaining legitimacy of the currency system Money is not just economics. It is power, policy, psychology, a...

 9.3k

 438

 15

 9.3k

    Suggested Credits
    Tags, Events, and Projects