“Tax expenditure” is the phrase used by Econocrats to calculate the “cost” (foregone revenue) of every deduction, allowance, or credit.
It is premised on the notion that the government has a right to 100% of a flat rate of income.
Money NOT collected by government as taxes does not disappear from the Earth.
It is spent by the taxpayer on goods and services and a little is put into savings accounts in banks and other investments.
Money is the ‘fuel’ of the economy, the lubricant of the wheels of progress.
When it circulates via economic freedom, people get jobs providing those goods and services and the population flourishes.
When government gets it instead, it is squandered on needless bureaucracy, graft and waste, doing nobody any good....................