Birdwatch Archive

Birdwatch Note Rating

2024-11-14 13:18:39 UTC - NOT_HELPFUL

Rated by Participant: 1F2CA0F33668BCD9CE6C5536FDF740C2BE9F4AE520E061FD384AD11D07BD52B6
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

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All Information

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