Birdwatch Note Rating
2024-11-17 11:29:32 UTC - NOT_HELPFUL
Rated by Participant: 0F2924BD65D1787F533B10BF4FB97891D3C8A7FD90733C29B5DDB1A0D77C59BA
Participant Details
Original Note:
Logically, for all gov spending to be taxation, then the 1st $ the gov spent was taken in tax from a citizen. Where did the citizen get that $? In truth, the gov created that $ out of thin air and spent it, buying work/services. The worker then returns part of that $ in tax. https://en.m.wikipedia.org/wiki/Modern_monetary_theory
All Note Details