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Ask HN: If there's no corruption, why can't inflation tax replace all other?

5 pointsby pacavacaabout 7 years ago

5 comments

danieltillettabout 7 years ago
Inflation creates short term thinking (spend don’t save). The other downside is inflation is quite regressive.<p>Personally if we are going to dream about changing the tax system then Georgism is the way to go [0], but good luck getting political support.<p>[0]. <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Georgism" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Georgism</a>
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itamarstabout 7 years ago
Taxes are how the government makes a sovereign money worth something. You need <i>dollars</i> because you need to pay taxes in <i>dollars</i>.<p>You might want to read some Modern Monetary Theory: <a href="http:&#x2F;&#x2F;neweconomicperspectives.org&#x2F;modern-monetary-theory-primer.html" rel="nofollow">http:&#x2F;&#x2F;neweconomicperspectives.org&#x2F;modern-monetary-theory-pr...</a>
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thorinabout 7 years ago
The tax system has to be very complicated so:<p>1. Consultancies, accounting firms and senior government make huge amounts facilitating it<p>2. Enables evasion by the rich and punishment of the poor!<p>3. We don&#x27;t realise how much tax we&#x27;re paying on stuff
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tmalyabout 7 years ago
the Fed&#x27;s ZIRP is an inflation tax. The benefits are just distributed to those with access to the borrowing window
AnimalMuppetabout 7 years ago
But there is corruption. Any plan that involves changing human nature probably isn&#x27;t going to work.