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View Diary: Poor in Georgia? Don't expect anything but humiliation from the state (57 comments)

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  •  Actually, the issuer of currency does not (4+ / 0-)
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    The Lone Apple, marina, jabney, linkage

    need to tax in order to spend. Taxes merely serve to keep the currency moving through the economy. It is the issuer's failure to spend which turns the whole system sluggish so that, instead of a strong current, we end up with a mere trickle.

    "Tax and spend" has got things in the wrong order. First comes the spending, then comes the tax to both keep track and keep the economy moving.

    We organize governments to deliver services and prevent abuse.

    by hannah on Fri Dec 28, 2012 at 10:43:34 AM PST

    [ Parent ]

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