when you were talking about why there are even taxes when the Fed can print money as much as they wish The Creature from Jekyll Island came to my mind. Griffin wrote about this. He basically summarized it to three points:
- Taxes play a role as a distraction to inflation.
- When inflation is too big (i.e. people buy much and prices go higher) they raise taxes in order to tame the inflation
- Redistribution of wealth - the reward for the loyal/dependent.
All three points can be seen in the picture (taken from the book)