Taxes destroying money are the other side of the coin (forgive the pun) of money creation through government spending. Without it we'd have a constant source of inflation that could only be abated by cuts to spending.
Richard Murphy went into detail of the whole flow in this post:
https://www.taxresearch.org.uk/Blog/2024/02/12/tax-and-money-flows-within-the-economy/
Jack of all trades
npub1gg…5euuk
2025-08-15 19:01:03 UTC
in reply to nevent1q…72yc
Author Public Key
npub1gg4yh068scjmj582r8838lqywadzdj52dyx29vt68rhkrnek6f2sd5euukSeen on
wss://relay.momostr.pinkPublished at
2025-08-15 19:01:03 UTCEvent JSON
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