>> Not quite.
That's a tax people with jobs have to pay, so there's money around for
the government to help people without a job.
Including you, if you have bad luck.
>> Sounds like socialism to me.
>> Or maybe just good economic policy.
>> That's the funny thing about taxes.
People in the political arena argue about them all the time.
>> Well, perhaps with good reason.
After all,
in some countries over half of your income goes to paying your taxes every year.
So are we going to get into a debate today about taxation?
>> No, I'm just going to explain how taxes work,
talk about some of the arguments justifying taxation, then show our
students some cool tips about how to manage their tax bill every year.
>> All right, sounds like a plan,
but before we get started, let's play a little game of who said what.
>> Okay, go for it.
>> All right, first one.
No taxation without representation.