Full Recorded Speech Taxation for Revenue Is Obsolete Beardsley Ruml

https://longhairedmusings.wordpress.com/2017/05/21/taxation-for-revenue-is-obsolete-january-1946-american-affairs-costed-manifestos-wheres-the-beef/

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Tax authority and corporate executive | 1894-1960 | Cedar RapidsBeardsley Ruml (5 November 1894 – 19 April 1960) was an American statistician, economist, philanthropist, planner, businessman and man of affairs in the 1920s, 1930s and 1940s. He was born in Cedar Rapids, Iowa.

In 1945, Ruml made a famous speech to the ABA, asserting that since the end of the gold standard, "Taxes for Revenue are Obsolete". The real purposes of taxes were: to "stabilize the purchasing power of the dollar", to "express public policy in the distribution of wealth and of income", "in subsidizing or in penalizing various industries and economic groups" and to "isolate and assess directly the costs of certain national benefits, such as highways and social security". This is seen as a forerunner of functional finance or chartalism.