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>>The train has already left the station on that. It is not now and never will be backed by revenues. The $6 trillion in tax obligations created each year crea
by CryptoPunk 5y ago
>>The train has already left the station on that. It is not now and never will be backed by revenues.
The $6 trillion in tax obligations created each year create massive fundamental demand for USD.
>>It’s backed by all the protections and encumbrances of legal tender.
What protections and encumberances are you referring to?
>>I think you mean that it is justified and necessary. All aggressors believe this about their own actions.
Not all violence is aggression. If the land belongs to the collective, then the collective has a right to access it, and a person asserting individual ownership over a parcel is the aggressor, who is violating the rights of the collective.
>>Land tax is ill-defined, inefficient, and fails dramatically to capture the sum of scarce resources and externalities. We know this because it already exists.
I have no idea what you mean by ill-defined and inefficient. And of course, we shouldn't just be limited to land when taxing scarce natural resources. Land is just the most valuable resource in this category.
- jl2718 5y ago> $6T $1.72/0.6T personal/corp income tax. $1.2T SSI. $8T bond sales (and accelerating). > violence … the collective has a right It’s a noble concept, but, “the collective” has never been historically distinguishable from despotism by whoever controls the money that pays the people authorized to do violence on its behalf. It is the nature of power to consolidate.