If government bonds purchased in the same market as private citizens are treated as income, then the central bank should not remit its profits to the national treasury. Instead, it should be taxed like a private bank, with corporate tax levied on the central bank.
Regarding currency issuance, government financial institutions should be divided into two types: a central bank responsible for currency issuance, and WLFI, which issues claim-right tokens.
Based on this framework, it is believed that President Trump’s next presidential decree will impose corporate taxation on the central bank.
As a result, central bank profits would no longer flow into the national treasury, and the state would be able to issue currency without relying on borrowing.
