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The money you have to pay taxes comes from public spending. The government has to spend first before collecting taxes, that's how money works. The money to buy
by mempko 2y ago
The money you have to pay taxes comes from public spending. The government has to spend first before collecting taxes, that's how money works. The money to buy government bonds comes from spending too. In fact, if the government didn't spend, there would be no money. When the government spends more than it taxes, it allows people to save and invest. When it restricts spending, people get into debt and can't earn a living. This is basic accounting.
Watch this short video about the subject by the late David Graeber https://www.youtube.com/watch?v=LxJW7hl8oqM https://www.youtube.com/watch?v=LxJW7hl8oqM