Has any country used inflation as the primary, official way to raise revenue instead of taxes, a la Tezos? (Please don't answer "Weimar Germany". I'm asking for governments where that's the explicit, accepted source of funds rather than a desperate emergency measure)https://twitter.com/FEhrsam/status/949355741160206336 …
I remember listening to Pauline Hanson - who ran an Australian political party - propose "printing more money" as a primary means of finance. TBC, she wasn't talking about quantitative easing etc, she just thought of it as a budget fix-all. Never implemented, fortunately.
-
-
If we could tax all wealth at the same rate with no leakage (i.e. exactly X% of every dollar went to the govt) wouldn't this be roughly equivalent?
-
The problem seems to come when you go too far, bringing it from a steady, predictable rate to uncontrollable hyperinflation, right? Inflation as a funding mechanism isn't inherently problematic (afaict)
- 6 more replies
New conversation -
-
-
Are you referring to all the post-2008 fallout? Or something more specific?
End of conversation
New conversation -
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.