With MMT ideas, if inflation is caused by money being in excess of productive capacity to use it, and…

With MMT ideas, if inflation is caused by money being in excess of productive capacity to use it, and taxation is the withdrawal of money from circulation to control distribution, would a better solution to current inflation problems have been higher taxation? Not interest rates.

Thanks to all, of course the political reality of doing it is another question. But just curious what the prescription would be, under that different set of ideas.