Birdwatch Note Rating
2024-11-14 15:50:20 UTC - HELPFUL
Rated by Participant: 2B8C89105A4585187E2226A98549A4A27A518A69D38DDE1EE6316A9B7D67E991
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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