Uploaded October 2020 | Updated September 2026, 1 week ago
They never have and they never will.
Nobody likes paying taxes, so if the government doesn’t spend your taxes, what are taxes for? This video busts a few myths about how taxes work and explains some of the real uses of tax in modern economies.
Come discuss this with us on:
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Support us on Patreon patreon.com/PEGSInstitute
Sources:
Taxes are for Redemption, Not Spending - L. Randall Wray
wer.worldeconomicsassociation.org/files/WEA-WER-7-Wray.pdf
Colonial Virginia’s Paper Money Regime, 1755-1774: a Forensic Accounting Reconstruction of the Data - Farley Grubb
https://lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2015/UDWP2015-11.pdf
The Deficit Myth - Stephanie Kelton
Podcast with Alan Kohler and Professor William Mitchell
youtu.be/9ldmpmVfSoM
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by www.wishforge.games, Charlie, icon king1, Free Preloaders, Raj Dev, Muhammad Haq from freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
A Stranger Thing by Bruno E and Drive by TrackTribe
They never have and they never will.
Nobody likes paying taxes, so if the government doesn’t spend your taxes, what are taxes for? This video busts a few myths about how taxes work and explains some of the real uses of tax in modern economies.
Come discuss this with us on:
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Support us on Patreon patreon.com/PEGSInstitute
Sources:
Taxes are for Redemption, Not Spending - L. Randall Wray
wer.worldeconomicsassociation.org/files/WEA-WER-7-Wray.pdf
Colonial Virginia’s Paper Money Regime, 1755-1774: a Forensic Accounting Reconstruction of the Data - Farley Grubb
https://lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2015/UDWP2015-11.pdf
The Deficit Myth - Stephanie Kelton
Podcast with Alan Kohler and Professor William Mitchell
youtu.be/9ldmpmVfSoM
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by www.wishforge.games, Charlie, icon king1, Free Preloaders, Raj Dev, Muhammad Haq from freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
A Stranger Thing by Bruno E and Drive by TrackTribe
