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 …
-
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?
Ah, interesting question! I'm not quite sure what you mean by "all wealth" though. Every $ spent? Income? Consumption? Investment? Capital gains?
-
-
I originally typed "all income" but that actually would have quite a different effect from inflation, bc it taxes the velocity of money rather than diluting each dollar's value
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
They're all transfers. I assumed
@devonzuegel meant one's portion of the money supply (not sure there's a better word than "wealth")Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.