About which we are told:
As a commentator, using the name Calgacus, said in a comment on the blog yesterday:
Revenue is a pretty good word to use for taxation. What is bad is the idea that it provides income for the state. Revenue comes from re + venir; means to come BACK. It encapsulates the idea that taxation returns unto Caesar what originally came from Caesar, the correct spend first, tax later order.
Or, in other words, it is MMT compliant.
A search for “revenue etymology” provides that little chart. Plus this:
noun: revenue; plural noun: revenues
income, especially when of an organization and of a substantial nature.
“traders have lost £10,000 in revenue since the traffic scheme was implemented”
synonyms: income, takings, receipts, proceeds, earnings; More
antonyms: outgoings, expenditure
a state’s annual income from which public expenses are met.
“his priority was to raise government revenue and to lower expenditure”
the department of the civil service collecting state revenue.
noun: the revenue
“when the revenue makes a demand for tax, that demand is implicitly backed by the powers of the state”
early 15c., “income from property or possessions,” from Middle French revenue, in Old French, “a return,” noun use of fem. past participle of revenir “come back” (10c.), from Latin revenire “return, come back,” from re- “back” (see re-) + venire “to come,”
A return from property or assets. Which is indeed MMT compliant I guess, given Ritchie’s insistence on Musso’s nothing outside the state. He’s insisting that everything does belong to the state, the rest of us just being farmed to produce a return.