https://www.scottsantens.com/how-money-is-born-out-of-public-spending-and-dies-by-taxes-mmt/ Explains why Governments with a fiat currency (as in UK) can spend on what’s needed for public good & use taxation only to ensure that: 1) There’s not too much money in circulation without availability of goods & services to spend it on (ie control inflation) 2) To ensure fair distribution of wealth 3) To incentivise good things like energy conservation & disincentivise harmful things like smoking.
