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That's my point, the paper doesn't answer the counterfactual or even hint at what the answer would be. You implied higher taxes allow the government to spend mo
by mempko 5y ago
That's my point, the paper doesn't answer the counterfactual or even hint at what the answer would be. You implied higher taxes allow the government to spend more, but this is not true since the government doesn't need taxes to spend. In other words, taxes are not necessary for spending.