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→Libertarian socialism (1857-1980s): Remove citation to Hal Draper as clearly synthetic, cited source never even uses the word "libertarian". |
→Taxation as theft: Removed first sentence as synthesis. The cited source never references any of this groups, it doesn't even mention the word "libertarian". |
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Right-libertarians espouse the [[non-aggression principle]], which is the concept that a person or organization cannot use [[Force (law)|force]] or [[coercion]] on an individual or someone else's property to achieve their objectives. Under this principle you can defend yourself using force but you can not initiate force upon someone else. If force is initiated by someone the state will get involved to protect [[life, liberty, and property]]. The government therefore has a monopoly of force and violence and if it should exist at any capacity, it would be only to protect society from [[criminals]] who violate the non-aggression principle.<ref name=":1">{{cite web|url=https://www.learnliberty.org/blog/what-you-should-know-about-the-non-aggression-principle/|title=What you should know about the Non-Aggression Principle|website=Learnliberty.org|date=24 February 2017 |access-date=7 December 2021|archive-date=7 December 2021|archive-url=https://web.archive.org/web/20211207070747/https://www.learnliberty.org/blog/what-you-should-know-about-the-non-aggression-principle/|url-status=live}}</ref>
===== Taxation
A libertarian form of [[Modern Monetary Theory]] is one concept to overcome the conundrum of how the government could raise money without imposing taxes.<ref>{{Cite web|url=https://beinglibertarian.com/mmt/|title=Modern Monetary Theory|first=Nima|last=Mahdjour|website=Beinglibertarian.co|date=6 June 2016|access-date=23 February 2022|archive-date=20 February 2022|archive-url=https://web.archive.org/web/20220220165731/https://beinglibertarian.com/mmt/|url-status=live}}</ref> With a [[sovereign wealth fund]], libertarian governments may live off the [[investment]] [[dividend]]s or [[Yield (finance)|yield]] from [[Bond (finance)|bonds]] for government revenue instead of [[tax revenue]]s.<ref>{{Cite web |title=Make Taxation Unnecessary Through Public Investment |url=https://libertarianpolicy.org/economics/make-taxation-unnecessary/ |url-status=live |archive-url=https://web.archive.org/web/20220222205226/https://libertarianpolicy.org/economics/make-taxation-unnecessary/ |archive-date=22 February 2022 |access-date=23 February 2022 |website=Libertarianpolicy.org}}</ref>{{multiple image▼
▲With a [[sovereign wealth fund]], libertarian governments may live off the [[investment]] [[dividend]]s or [[Yield (finance)|yield]] from [[Bond (finance)|bonds]] for government revenue instead of [[tax revenue]]s.<ref>{{Cite web |title=Make Taxation Unnecessary Through Public Investment |url=https://libertarianpolicy.org/economics/make-taxation-unnecessary/ |url-status=live |archive-url=https://web.archive.org/web/20220222205226/https://libertarianpolicy.org/economics/make-taxation-unnecessary/ |archive-date=22 February 2022 |access-date=23 February 2022 |website=Libertarianpolicy.org}}</ref>{{multiple image
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| caption2 = *Annual [[dividend]] of 1.5% <br> *Dividends were not reinvested in this scenario <br> *A government with $100 million in tax revenue annually could wean itself off taxes for government revenue in about ~34 years in this scenario
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==== Typology ====
[[File:Nolan chart normal.svg|thumb|The [[Nolan Chart]], created by American libertarian [[David Nolan (libertarian)|David Nolan]], expands the left–right line into a two-dimensional chart classifying the political spectrum by degrees of personal and economic freedom]]
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