Just want to point this: the reason taxes still need to exist in a money printing scenario is that taxes are like heat sinksand absorb inflation. Taxes are not viewed as rasing funds but burning funds.
Taxes basically turn to a tool of controlling who gets what money while printing is the tool of where to send money.
Mainstream economic theory is much closer to the monetarist position where public expenses are not to be covered with printed money but collected taxes.
I think we may see modern monetary theory (print to pay for all government expenses, only use taxes as a mechanism to cool down an overheated economy) by default.
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