Birdwatch Note Rating
2024-11-15 04:44:50 UTC - NOT_HELPFUL
Rated by Participant: C9B3CC2F9B7AEBDFA50B0BDD65142010A775515C81127BE6E6CDB36384D47DB2
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
All Note Details