Modern Monetary Theory. From an purely economic perspective, SimulatedLiberalism is right.
Think of taxes as an olympic sized swimming pool, a politician may say they are raising taxes to dump a new bucket of water into the pool, but some guy comes around once a month to drain or fill the pool so it always stays level.
Any tips on where I can learn more about this concept?
Modern Monetary Theory. From an purely economic perspective, SimulatedLiberalism is right.
Think of taxes as an olympic sized swimming pool, a politician may say they are raising taxes to dump a new bucket of water into the pool, but some guy comes around once a month to drain or fill the pool so it always stays level.