Government can spend more than it takes in. The Fed can expand its balance sheet to buy Treasury bills. Since the Fed refunds the interest on T-bills to the Treasury, the government's borrowing costs are essentially zero.

Since the Fed can fund government, taxes are not necessary. Instead of taxes, citizens can buy government bonds. Bonds pay interest, so the former taxpayer now gets paid to fund the government.

Once we realize that taxes are not necessary to fund the government, we can dispense with the argument: "I don't want my taxes to pay for ...". Instead of using finance as an excuse to cut government services, people will have to express more fundamental arguments against government spending.

For example: instead of arguing, "I don't want my taxes to pay for war", present non-economic justifications of the anti-war argument.

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Government's role should be to empower individuals to pursue their happiness without financial obstacles. Give everyone the choice of a basic income, so that each person can choose whether they want to enter the free market or not. Government and private businesses can encourage individuals to innovate by holding challenges. Challenges already exist: Google and Microsoft bug bounties, X-Prize, challenge.gov, the Netflix Prize.

Individuals often produce more disruptive innovations, while corporations excel at incremental innovation. A Basic Income can free individuals to explore their natural instincts for wonder and creativity in ways that will benefit society. Challenge competitions can discover the best new disruptive ideas and then turn them over to the private sector so it can incrementally innovate and bring the innovations to everyone.