Provocateur of the Right: On Public Money

December 14, 2015

Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more, it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay – that ‘someone else’ is you. There is no such thing as public money; there is only taxpayers’ money. – Margaret Thatcher, Statecraft: Strategies for a Changing World

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