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2. There is no such thing as “taxpayers’ money.” Why?

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 …

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1. “But how will you pay for it?”

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 …

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