Post
Topic
Board Economics
Re: Taxless society idea
by
Magkirap
on 01/10/2019, 14:00:43 UTC
I have idea for discussion.

How it could work Taxless society:

Independent world deflationary money for storing value (bitcoin, litecoin...) in combination with inflationary digital money from central banks valid only limited time to directly spend (buying goods and services) or you can change to deflationary money (store of value).

With transparent view of circulating supply on blockchain for each country (inflation based on growing population, number of new pensions... in last year or some other time period).

Community interests (healthcare, roads, pensions...) can be financed directly from the part of that emission with limited valid time inflationary money on annual base.

The salary received in inflationary digital money from the moment of receipt must be spent or exchanged for some store of value (bitcoin, litecoin...) in 1 year or will be automaticly exchanged for some independent world "store of value" (bitcoin, litecoin...) upon expiration of time (just example).

After expiration inflatory money would not be worth (will be "burned").

What do you think is this can be done to work?

This was hard actually. Tax has benefits to the people and to the whole country. Maybe it will not be worth it if there is corruption in the government but all in all tax are made for a purpose. To sustain the country's expenses and serve as an allowance for healthcare, education, transportation etc. Also, I dont think there are countries that are living without taxpayer's money. Can you state some countries?