Just Get Rid Of It! | An MMT Perspective Of The IRS Irida TV podcast

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Just Get Rid of It! | An MMT Perspective of The IRS

8d ago 20:42

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Federal taxes do not fund government operations; money must be created before it can be collected. This fundamental insight reframes the role of taxation, the IRS, and national budgeting.
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How the government creates money is a topic often misunderstood in public discourse. This video explores what is modern monetary theory and how it reframes the relationship between taxes and spending. Does the IRS fund government spending, or is that a myth rooted in outdated economics? Learn how federal taxes actually work and ask: do taxes pay for government programs, or is there another mechanism at play?
What causes inflation in the economy is often blamed on printing money, but the real story is more complex. Is the IRS necessary in a world where money is created by keystrokes? National debt explained simply opens the door to a much deeper conversation. Discover why income tax exists and whether it still serves its intended purpose.
Find out how money enters the economy and who controls the money supply in a system driven by sovereign currency. Why the government prints money may surprise those unfamiliar with post-gold-standard economics. Does printing money cause inflation, or are there other factors that matter more?
Understanding fiscal policy is crucial to grasp why the US has national debt and how it impacts everyday life. What happens if we abolish the IRS becomes a serious question when viewed through this economic lens. Explore how sovereign currency works and how it enables government spending without taxes.
Finally, consider how tax reform affects the economy and engage with alternative views on economics that challenge long-standing assumptions.

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