K-M, if the Federal Government issues the currency, then it can never run out. If they can never run out, they can purchase anything for sale in dollars. And if they can (not the same as should!) purchase anything for sale, then why would they need tax revenue from the wealthy?
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My point is that your colleague's article propogates the myth that taxes fund the Federal Government. There are many good reasons to tax the wealthy, but the need for funds to pay for goods and services isn't one of them.
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