— Taxes (Federal)

TAXES FOR REVENUE ARE OBSOLETE
— Beardsley Ruml, Chairman of the Federal Reserve Bank of New York, American Affairs, Jan 1946

“Federal taxes can be made to serve four principal purposes of a social and economic character. These purposes are:
1. As an instrument of fiscal policy to help stabilize the purchasing power of the dollar;
2. To express public policy in the distribution of wealth and of income, as in the case of the progressive income and estate taxes;
3. To express public policy in subsidizing or in penalizing various industries and economic groups;
4. To isolate and assess directly the costs of certain national benefits, such as highways and social security.”

Taxes are for Redemption, Not Spending
— L. Randall Wray, World Economic Review March 11, 2016

Tax Bads, Not Goods
— L. Randall Wray, New Economic Perspectives June 17, 2014

Taxes and the Public Purpose
— L. Randall Wray, New Economic Perspectives May 29, 2014

Pre-distribution or redistribution? The Piketty moment, the Democrats, and the oncoming elections
— L. Randall Wray, New Economic Perspectives May 24, 2014

Forget Taxes for Redistribution: What to do about Inequality
— L. Randall Wray, New Economic Perspectives May 19, 2014

What are Taxes For? The MMT Approach
— L. Randall Wray, New Economic Perspectives May 15, 2014

Forget Taxes for Redistribution – What to do About Inequality
— L. Randall Wray, Naked Capitalism May 21, 2014

Do We Need Taxes? The MMT Perspective
— L. Randall Wray, New Economic Perspectives May 13, 2014