did someone else explain it to him I am so tired
-
-
eigenrobot Retweeted sol
ok so seigniorage! the government printing money to buy shit instead of bothering with taxes seems like it could be efficient removes the need for the irs and all the tiresome tracking that goes with that howeverhttps://twitter.com/fire__exit/status/1243331914079109120?s=19 …
eigenrobot added,
1 reply 0 retweets 21 likesShow this thread -
turns out its a bad idea in practice
3 replies 0 retweets 13 likesShow this thread -
there are many flavors of taxes status as theft aside, all have ups and downs
1 reply 0 retweets 15 likesShow this thread -
eg: the so-called head tax, where every person is just charged a fixed amount independent of everything is nice in that its minimally-distortive; it doesn't fuck up markets but, bad because it requires 95yo broke man to pay same amount as Bezos (ie its "regressive")
2 replies 0 retweets 14 likesShow this thread -
generally if you tax a thing you can expect to get less of it on the margin sometimes this is used a la pigou to discourage things with alleged bad spillover effects, but mostly its an unhappy side effect also every tax will fuck up markets to some extent (bad)
2 replies 0 retweets 16 likesShow this thread -
-
-
Replying to @eigenrobot
I dont actually, but I'm guessing it's not favorable
2 replies 0 retweets 1 like -
eigenrobot Retweeted eigenrobot
eigenrobot added,
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.