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Tax Policy for Sovereign Nations

In: Modern Money Theory

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  • L. Randall Wray

    (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, 2024. "Tax Policy for Sovereign Nations," Springer Books, in: Modern Money Theory, edition 3, chapter 0, pages 149-173, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-47884-0_5
    DOI: 10.1007/978-3-031-47884-0_5
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