My personal position on tax is that I beleive that neo-liberal economics is fundamentally flawed and only serves to benefit the Oligarchy. Not letting the perfect be the enemy of the good I beleive that Modern Monetary Theory is closer to economic reality. In MMT taxation is seen not as a prerequisite for government spending but as a means to dampen economic activity to stay within the labour & resource constraints of the real economy so damaging inflation does not occur. In fact Taxes are for redemption not for spending and that collected taxes collected as paper money has been burnt :
"So the Paper Money Acts that allowed the treasury to issue notes also imposed new taxes that would be of sufficient size and over a period long enough so that the notes would be redeemed – the recognized purpose of the taxes was to “redeem” the currency, by accepting that paper money in payment of taxes. In fact, colonial paper money could be redeemed” in two ways: payment of taxes or presentation at the treasury for payment in (British) coins. In other words, the treasury would spend the newly issued paper money into the economy and those receiving the treasury notes could use it to pay taxes, or spend it, or submit it to the Treasury in exchange for coin. What did the Treasury do with the notes it received in tax payment? Grubb reports that the “notes were removed and burned” – not spent."