3 ms·
Not counter productive to the society: as money have nothing behind and central banks can just print it, they can print or electronically grant any amount to an
by AdrianB1 7y ago
Not counter productive to the society: as money have nothing behind and central banks can just print it, they can print or electronically grant any amount to anyone needing it. This would not affect the trust in the value of the money because there is no such value. What is $1 or 1 Euro backed by? An ounce of Moon dust?
- avn2109 7y agoThe fundamental demand for dollars and euros is caused by the fact that every April, you need to have a bunch of them. And if you don't, eventually men with guns will take you to jail.
- AdrianB1 7y agoIt is different here, you don't pay the taxes yourself, they are subtracted from your salary by the employer and paid on your behalf. it is not a service you receive, the state does not trust you will pay. When you leave half of the salary on the pay day and then pay another 20% taxes on anything you buy, not many people would pay something in April, even with the men with guns threat.
- perl4ever 7y agoIn the US, the government also withholds taxes from your paycheck, and in other circumstances.
- Scoundreller 7y agoIt’s a funny system where citizens aren’t trusted but corporations are.