November 23 2020 | Modern Money Theory: Week 3 | Back Next |
Agrees with MMT: taxes imposed by state to mobilize resources for public purpose
With rare exceptions, this imposition is negotiation between state and rest of society
Imposed with consent and paid by consent
Compliance is treated as normal; non-compliance warrants compulsion
"Tax is accepted if the authority imposing it appears to reflect the society that is paying it." (28)
Modern state is defined by its ability to tax its inhabitants in an acceptable manner
History of tax is history of state itself
Tax defines what a state thinks it can do
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