November 23 2020 Modern Money Theory: Week 3 Back

It's Not "the Taxpayers' Money"!

        "[P]aying tax is actually the process by which we transfer to
        the government that part of the funds we hold which rightfully
        are not ours but are in fact the property of the state. ... 
        Tax is actually the government's money that we sometimes hold 
        on its behalf." (46)


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