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Tax Policy for Sovereign Nations

In: Modern Money Theory

Author

Listed:
  • L. Randall Wray

    (University of Missouri-Kansas City
    Levy Economics Institute of Bard College)

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.

Suggested Citation

  • L. Randall Wray, 2015. "Tax Policy for Sovereign Nations," Palgrave Macmillan Books, in: Modern Money Theory, edition 2, chapter 5, pages 137-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53992-2_6
    DOI: 10.1057/9781137539922_6
    as

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