Excerpt from Financing Our Three Greatest Conflicts: Thesis

Public finance deals with the revenues of govern ment, with their expenditure, and their administration. The state pays for its normal expenditures by the proceeds of taxation. The individual citizens are required to con tribute money to the government in return for being governed. The taxes paid from part of the consumer's outlay(1) of the taxpayer. The funds thus gathered are spent by the government as state business demands. When they are paid out to government employees and the pro ducers of those essentials which the government bought, the funds go into consumer's income. If the income and expenditure of the government are equal, the correspond ing items in consumer's income and consumer's outlay taken as a whole unit balance; we have then a balanced budget. But, even if income and expenditure are ultimately equal, the proceeds of taxes cannot always be expected to come in exactly as they are needed. There will be dis crepancies and the government will have to borrow to equal ize the balances. Sometimes the borrowing will be permanent.

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We first started out as ?The Paperback Exchange,? a chain of physical bookstores where we would part exchange your beloved books for new stories to transport you to faraway places. However, as shopping started to evolve to online shops and marketplaces, we bid our stores goodbye to become ?PBShop.? This transition has only allowed us to blossom as we now ship thousands of titles to book lovers across the globe. We pride ourselves in being a community of local book lovers which allows our passion and devotion to shine in everything we do. In 2020 we not only celebrated our 20th birthday but our 1st birthday as being completely employee owned after becoming an E.O.T in September 2019. We are proud to be different and embrace standing apart on a book mountain by working from a virtual inventory which allows us to provide thousands of books that may be difficult to get for your bookshelf or your studies. Working with a number of different suppliers allows us to explore other avenues such as puzzles, sheet music and even stationery so we really do have something for everyone. Life is about being versatile in all realms of existence. If this is your first visit or you are a returning customer, we would like to welcome you to the PBShop family, for there is no friend as loyal as a book. We are a company who put our customers at the centre of everything we do as we understand the importance of reading because once you learn to read, you will forever be free. There are a whole lot of things in this world of ours that we are yet to explore, which is why we will forever inspire curious minds.

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