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You can pay your taxes to the US government with dollars. In fact you can't pay your taxes with anything else - not even tulip bulbs. So you are completely wro
by somewhereoutth 5y ago
You can pay your taxes to the US government with dollars. In fact you can't pay your taxes with anything else - not even tulip bulbs.
So you are completely wrong, USD has value because of the US government, not because of the 'greater fool'.
- olalonde 5y agoHaving USD can indeed keep you out of jail for tax evasion in some countries. This is also the case for Bitcoin, in at least one country now. That being said, while it could be considered as a "floor" to their value, I don't think it accounts for much of it. I'm sure both USD and Bitcoin would be fine even if taxes were gone.