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Why do punitive fines go anywhere? Collect the fines and then reduce the money supply by that amount. If the fine is collected via physical currency, destroy th
by Mountain_Skies 7y ago
Why do punitive fines go anywhere? Collect the fines and then reduce the money supply by that amount. If the fine is collected via physical currency, destroy the currency. If it is electronic, deduct the amount but don't add it back anywhere. In essence every dollar will become very slightly more valuable but so slightly that no one will have motive to push for fines to be collected for their financial gain. Would the total amount of fines collected from all punitive activities across the economy be large enough to have a significant impact on the total money supply? My guess is no, but honestly don't know.
- SllX 7y agoThe types of governments that are typically collecting fines on a regular basis don’t possess the authority to destroy money or lawfully affect the money supply in any meaningful capacity.
- Mountain_Skies 7y agoRequire them to pass it up to the level where destruction of money is possible.
- thephyber 7y agoThis is such a misunderstanding of the different interests involved it scares me.
- SllX 7y agoThe big problem with that idea, at least in the United States, is the States’ employees don’t actually work for the Federal government, and requiring them to pass fines collected upwards would violate the 10th Amendment. Nor is it within Congress’ enumerated powers to seize the assets of the States or compel services from each State. The States are also specifically prohibited from having their own monetary policies, and thus have no incentive to cooperate with a money destruction regime.