Post
Topic
Board Economics
Re: Taxless society idea
by
Pinkris128
on 01/10/2019, 20:44:39 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?
From our country which is Philippines, there are some good and very well services at the public establishment and government but there are also a lot has a poor and low quality services like hospitals, healthcare, transportation and many more. If we do the taxless society, how about the maintenance of the public? How about now will maintain the good of education in public schools? if all of them runs with the taxes.