Birdwatch Note Rating
2024-11-15 08:43:48 UTC - HELPFUL
Rated by Participant: 8E03B0B08C8666734DD636E01826E658671887565F735026B30685BA106B747F
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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