The truth about governments and money..
We hear TV news, the papers, and politicians bleating on about “the National Debt” and “The Budget Deficit” a lot, don’t we? And, as we all know what it’s like to have debts to pay, we worry about it. We think, “how is the country going to pay for…..?” “Our children will be burdened with …
Continue reading “4. “Who’s afraid of the Big Bad National Debt?” The reality of deficit and debt.”
#3 Let’s look at Tax-why is the economy like a washbasin? In #2, we looked at how we have all been led to believe that Governments spend “taxpayer’s money”, and can only afford to spend what they receive in tax receipts, because it’s convenient to justify political agendas. “There’s no magic money tree, dear”, Theresa …
From the early 80s, the idea that Governments can only spend what they receive in tax, was heavily promoted, especially by UK Prime Minister Mrs Thatcher. She famously said, in 1983, “We know that there is no such thing as public money“, and added “there is only taxpayer money“. “To most of us, the idea …
Continue reading “2. There is no such thing as “taxpayers’ money.” Why?”
Long ago, most people believed that the sun revolved around planet Earth, instead of the other way around. Today, most people still believe that a government gathers up all the money paid in taxes, and then uses that to pay for all the things that governments provide. It’s actually the other way around-people pay tax …
the pound in your pocket