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When we read about “stimulus” payments, one is struck by the realization that what is occurring is essentially a return to taxpayers of monies paid in. But, of course that “money” was spent and used within the “bureaus,” so it is a transfer of the prior taxation to a subsequent period (and later payors).
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Of course, reading Bastiat’s The Law first makes the reasons why this is true, so very clear.
When we read about “stimulus” payments, one is struck by the realization that what is occurring is essentially a return to taxpayers of monies paid in. But, of course that “money” was spent and used within the “bureaus,” so it is a transfer of the prior taxation to a subsequent period (and later payors).
Now ! That’s really stimulating !!!
How quaint of Adam Smith! Governments don’t need to LEARN this- they know it by morphic resonance! Or contagious memes!