
#1 A hypothecated tax for the NHS?
The MMT Podcast with Patricia Pino & Christian Reilly
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The Importance of Taxing Before Spending
I think when you look at there is this kind of misunderstanding about where the pounds in your pockets come from, like you just said. So, to say that we need to tax before we spend, it's, it doesn't make any sense at all. You're forcing things to work the other way around. The Bank of England is not a raving Marxist institution. It's just describing a reality. Exactly. And they, they say, yes, this is it. Every pound the government spends is a new pound. They do not get it from somebody else. But, but they make the parallel, right? Government there must be, must be like my personal credit card debt,
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