November 23 2020 | Modern Money Theory: Week 3 | Back Next |
"... no government has to charge tax to be able to spend on what it wants to do." (52)
Murphy rejects trope of "the taxpayers' money"
Money you pay in taxes is the government's money and the government's rightful property. (44)
"[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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