
Do We Actually Need Taxes?
Economics Explained
00:00
The Problem Is That Governments Do Not Need Tax Revenue
The problem here, of course, is that a country needs natural resources to substitute tax revenue with natural resource revenue. The other countries that get away without charging taxes have some alternative form of revenue. Even places like Alaska do not need to charge state taxes. Taking away natural resources to sell is no different from taking away cash. In both instances, a government is taking an asset away from the people to pay for public expenditures.
Transcript
Play full episode