seen from United States
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seen from United States
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seen from United States
seen from United States
seen from United States
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A tax expenditure is a fictional, non-existent tax accompanied by an equivalent fictional, non-existent expenditure. In effect, the government’s not taking is alleged to be giving. Its not taxing is alleged to be spending. The philosophical principle underlying this concept is that we are all serfs or slaves in the power the government.
George Reisman, Mises Institute
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