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( 7332 viewed : 621 like : 167 comments ) The idea that government surpluses are good because they create piles of cash waiting to be spent in the event of a national emergency is absurd. All money paid in tax is cancelled on receipt by the government. So, all government surpluses actually do is reduce the amount of cash in the private sector economy.
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ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.
This video was edited by Thomas Murphy.
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[ 8D ] ผลสลากกินแบ่งรัฐบาล วันที่ 1 พย. 2567 [1]
Interesting Keyword >> ผลสลากกินแบ่งรัฐบาลวันที่1พย2567
Government surpluses don’t create cash piles waiting to be spent
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