My government uses my taxes to buy goods and services in the local market. Is that defrauding or just the nature of providing government? This article is on somewhat loose economic grounds, I fear. People paid taxes, albeit to the coloniser, some people could sell their goods at market prices. Things we still find pretty reasonable. On top of that compounding at 5% for 250 yrs is not a good way to create current doll…
I don't understand this comment. If tax money of the tax payers of India is used to buy good/services for the tax payers of Britain. How is it not defrauding?
My tax money is used to buy goods/services for people in other states. Not only is that not considered fraud, it is a fundamental reason taxes exist.