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I’m missing the key part of this, how would things get paid for?
by lostlogin 4y ago
I’m missing the key part of this, how would things get paid for?
- carlosjobim 4y agoMaybe everybody can start paying for their things themselves instead of forcing others?
- lostlogin 4y agoHave you an example of a system like this working somewhere?
- carlosjobim 4y agoOf course not, because that wouldn't be a system.
- notch898a 4y agoVoluntary transactions and/or illegitimate violence.
- quickthrower2 4y agoAnd how does defence work? There would be no fiat money anymore as it’s basis is gone so guess it is Gold or Bitcoin. You would need to defend yourself so you need guns. But that would be useless against groups of people with guns so people will form groups that defend themselves. Eventuality some of those people will specialise and some people in the group pay others to defend the group in a form of a kind of “tithe” or regular payment to the common good.
- specialist 4y agoSounds like present day Somalia.
- lostlogin 4y agoMob protection racket as a form of government.
- YourDadVPN 4y agoCouldn't the government just print money, which devalues the currency, and is thus essentially a flat rate wealth tax?
- valleyer 4y agoIt would be a flat-rate wealth tax only on dollar-denominated assets, which would exclude among other things stocks, art, yachts, country estates... all of which rich people like to own.