http://blog.p2pfoundation.net/the-fiscal-myth-of-tax-and-spend/2014/01/14 Researching, documenting and promoting peer to peer practices Thu, 16 Jan 2014 00:46:54 +0000 hourly 1 http://wordpress.org/?v=5.5.15 http://blog.p2pfoundation.net/the-fiscal-myth-of-tax-and-spend/2014/01/14/comment-page-1#comment-613762 Thu, 16 Jan 2014 00:46:54 +0000 http://blog.p2pfoundation.net/?p=35569#comment-613762 In response to “has always been that government spending has come first and taxation later”, to be exact a tax assessment can precede government spending, but for tax collection in a unit of a monetary sovereign government’s currency rather than a tax that requires goods or services to be rendered, it is true that the spending of the currency must occur before tax collection. The tax assessment and the ability to enforce the collection is what creates a demand for the currency.

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