MMT maintains that the level of taxation relative to government spending (the government's deficit spending or budget surplus) is in reality a policy tool that regulates inflation and unemployment, and not a means of funding the government's activities by itself. MMT states that the government is the monopoly issuer of the currency and therefore must spend currency into existence before any tax revenue could be collected.[1] The government spends currency into existence and taxpayers use that currency to pay their obligations to the state.[2] This means that taxes cannot fund public spending,[3] as the government cannot collect money back in taxes until after it is already in circulation. In this currency system, the government is never constrained in its ability to pay,[3] rather the limits are the real resources available for purchase in the currency.[3]
If you want the scoop behind the history of banking and central banking then:
Do you have a good redpill book on this? I'd say 90%+ people believe taxes are used for all these things.
Any book on Modern monetary theory. This is mainstream knowledge and even the wiki page says it openly: https://en.wikipedia.org/wiki/Modern_monetary_theory
If you want the scoop behind the history of banking and central banking then:
A History of Central Banking and the Enslavement of Mankind by S. Goodson (audio: https://www.youtube.com/watch?v=uMuXQJIfmLI&list=PLZ7GdlPK75_tXJYVzkCId2SYEjBLjnU9E)
E. Mullins - Secrets of the Fed
G. E. Griffith - The Creature from Jekyll Island
Great information. Thanks