The problem is when “we” wants lower taxes or regulations to enable more consumption of tropical island vacations or recreational vehicles, or any other individual consumption item.
The political will is unfortunately not there. On this very forum, someone was claiming that a 1 adult to 4 infant ratio was too restrictive!
I mean... that sounds pretty extreme tbh. Literal infants, sure, but for any actual grade of school a 1:4 ratio sounds like too much to me.
No one suggested any ratios for actual “grade of school”.
I mean now we're all too poor to do so, but wouldn't that be nice?
What of my case? I pay taxes for schools like everyone else, but I won't even use the schools for my children.
"You" are always welcome to donate any amount of your money to the government. In the USA, its the Treasury's Bureau of the Public Debt.
You won't though.
The real issue is that those in power don't actually want to lift up those that are struggling. I'm not saying there aren't some good politicians--I'm saying politicians don't have the power.
When the government isn't acting on behalf of the people, more taxes would only serve to harm.
Even under MMT you need some sort of taxes to take back money, otherwise the money you print turns into inflation.
And in my opinion (not verified or anything) we're seeing such strong Cantillon effects that inflation is being regulated via soaring asset prices.
So it's harder to buy a house and or a share of SPY, but everyday goods are inflating way below the increase in dollar supply atm.
Edit: Lol, except lumber.
You can certainly do that under MMT, but then that would be the equivalent of not having taxes at all.