Birdwatch Note Rating
2024-11-15 02:52:16 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B758950E274819703A3784D8F22DA57886820F12C707F96EC19F0A61DD97C285
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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