4 ms·

Taxation is the foundation of currency, and creates all markets. Without taxes, there is no public purpose, and hence no society, unless you have a society that

by dools 4y ago

Taxation is the foundation of currency, and creates all markets. Without taxes, there is no public purpose, and hence no society, unless you have a society that is sufficiently simple that you can operate it without money.

luciusdomitius 4y ago
So, Kuwait and other tax-free states have no currency or it is unstable? Let me check? Nah, you are lying. https://www.google.com/search?q=kuwaiti+dinar+in+usd https://www.google.com/search?q=kuwaiti+dinar+in+usd
- dools 4y ago
  Kuwait doesn't impose personal income tax, sales tax or property taxes, but they do impose corporate income taxes: https://home.kpmg/xx/en/home/insights/2021/07/kuwait-thinking-beyond-borders.html https://home.kpmg/xx/en/home/insights/2021/07/kuwait-thinkin...
ramblerman 4y ago
There is so much to unpack there. You are conflating trade, value creation, money, government, and taxes in two sentences. - buyers and sellers (trade) create markets. - Taxation can happen via either currency or goods. - Governments manage societies, most happen to fund themselves via taxes. I'm not sure what you mean by public purpose.
- dools 4y ago
  > - buyers and sellers (trade) create markets. Nope, markets are created by governments. > - Taxation can happen via either currency or goods. It's true that many early currencies are named after some commodity (shekel being a good example) because governments imposed a tax in a commodity and that then became the unit of account. It's the same principle though. > - Governments manage societies, most happen to fund themselves via taxes. Taxation is the sole means by which a government provisions resources away from the private sector, and to the public sector, unless your society is simple enough that you can run it without money (which is a pretty small society). > I'm not sure what you mean by public purpose. Things that we get by dint of belonging to a society, such as schooling and libraries.
deleted 4y ago
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by dools 4y ago

luciusdomitius 4y ago

So, Kuwait and other tax-free states have no currency or it is unstable? Let me check? Nah, you are lying. https://www.google.com/search?q=kuwaiti+dinar+in+usd https://www.google.com/search?q=kuwaiti+dinar+in+usd

dools 4y ago
Kuwait doesn't impose personal income tax, sales tax or property taxes, but they do impose corporate income taxes: https://home.kpmg/xx/en/home/insights/2021/07/kuwait-thinking-beyond-borders.html https://home.kpmg/xx/en/home/insights/2021/07/kuwait-thinkin...

ramblerman 4y ago

There is so much to unpack there. You are conflating trade, value creation, money, government, and taxes in two sentences. - buyers and sellers (trade) create markets. - Taxation can happen via either currency or goods. - Governments manage societies, most happen to fund themselves via taxes. I'm not sure what you mean by public purpose.

dools 4y ago
> - buyers and sellers (trade) create markets. Nope, markets are created by governments. > - Taxation can happen via either currency or goods. It's true that many early currencies are named after some commodity (shekel being a good example) because governments imposed a tax in a commodity and that then became the unit of account. It's the same principle though. > - Governments manage societies, most happen to fund themselves via taxes. Taxation is the sole means by which a government provisions resources away from the private sector, and to the public sector, unless your society is simple enough that you can run it without money (which is a pretty small society). > I'm not sure what you mean by public purpose. Things that we get by dint of belonging to a society, such as schooling and libraries.

deleted 4y ago

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