Birdwatch Note Rating
2024-11-14 17:52:13 UTC - NOT_HELPFUL
Rated by Participant: 263639493C8F14192DAABF94C008993D19495409B6612BB729A1DDCA8C047B64
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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