Economics Dictionary of ArgumentsHome
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| Government budget: A government budget is a financial plan that outlines how a government will spend its money over a specific period of time, typically a year. It includes both expected revenues, such as taxes, and planned expenditures, such as spending on social programs, infrastructure, and defense. See also State, Government, Taxation, Government debt._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
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Murray N. Rothbard on Government Budget - Dictionary of Arguments
Rothbard III 909 Government budget/taxation/Rothbard: Everyone in the society will be either a net taxpayer or a tax-consumer and this to different degrees, and it will be for the data of each specific case to determine where any particular person or industry stands in this distribution process. The only certainty is that the bureaucrat or politician in offce receives 100 percent of his governmental income from tax proceeds and pays no genuine taxes in return. >Taxation/Economic theories. The tax-and-expenditure process, therefore, will inevitably distort the allocation of productive factors, the types of goods produced, and the pattern of incomes, from what they would be on the free market. The larger the level of taxing and spending, i.e., the bigger the government budget, the greater the distortion will tend to be. Taxation/economy/society/Rothbard: And moreover, the larger the budget in relation to market activity, the greater the burden of government on the economy. A larger burden means that more and more resources of society are being coercively siphoned off from the producers into the pockets of government, those who sell to government, and the subsidized favorites of government. In short, the higher the relative level of government, the narrower the base of the producers, and the greater the "take" of those expropriating the producers. The higher the level of government, the less resources will be used to satisfy the desires of those consumers Who have contributed to production, and the more resources will be used to satisfy the desires of nonproducing consumers. >Government spending/Rothbard, >Taxation/Rothbard, >Free market/Economic theories._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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