Alberto Veronese | Taxes Are Removed and Burned – Not Spent @fistfullproduction | Uploaded October 2016 | Updated October 2024, 18 hours ago.
Everyone looks at tax “revenue” as the government’s equivalent to “income”; This view actually prevents understanding. We should instead understand “revenue” as “redemption”.
Our word, revenue, originally came from Latin (revenire, meaning return) through old French (revenue, meaning returned) to old English (revenue). What was returned? The state’s own debts. We still use the term “tax return” from which (much of) the state’s“revenue” derives.
"Taxes are for Redemption, Not Spending"
L. Randall Wray, Bard College, NY, USA
World Economic Review 7: 3-11, 2016
wer.worldeconomicsassociation.org/files/WEA-WER-7-Wray.pdf
Google The Web:
MMT - Modern Monetary Theory
Everyone looks at tax “revenue” as the government’s equivalent to “income”; This view actually prevents understanding. We should instead understand “revenue” as “redemption”.
Our word, revenue, originally came from Latin (revenire, meaning return) through old French (revenue, meaning returned) to old English (revenue). What was returned? The state’s own debts. We still use the term “tax return” from which (much of) the state’s“revenue” derives.
"Taxes are for Redemption, Not Spending"
L. Randall Wray, Bard College, NY, USA
World Economic Review 7: 3-11, 2016
wer.worldeconomicsassociation.org/files/WEA-WER-7-Wray.pdf
Google The Web:
MMT - Modern Monetary Theory
![End ECB Dick-tatorship [Slow Motion]](https://i.ytimg.com/vi/WH715bL4-eA/hqdefault.jpg "End ECB Dick-tatorship [Slow Motion]
It was bound to happen sooner or later...
ECB . Press Release, Apr 15, 2015
Statement on incident at ECB press conference
The European Central Bank’s press conference was briefly disrupted by a protester today, who jumped on to the stage and threw confetti. http://www.ecb.europa.eu/press/pr/date/2015/html/pr150415_1.en.html
A protester stormed the podium and glitter-bombed Mario Draghi at an ECB press conference Apr 15, 2015
http://uk.businessinsider.com/mario-draghi-attacked-at-press-conference-april-15-2015-4?r=US#ixzz3XOmum3cX
...
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