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While this sounds very interesting, it only makes sense on a regional level. On a national level, a tax on savings and deposit accounts could very well to the s
by andr 18y ago
While this sounds very interesting, it only makes sense on a regional level. On a national level, a tax on savings and deposit accounts could very well to the same at a lower cost. The logistics of doing scrips nationwide would be very complex.
The article also omits the fact that the value of a scrip would change as it gets closer to its expiry date. Simply put, you wouldn't want to accept scrip that expires tomorrow as payment. This would call for some funky mathematics at the checkout counter.
- robotrout 18y agoYes, "a tax on savings and deposit accounts", also known as a wealth tax, as opposed to an income tax, would, indeed, encourage spending. It's also one of the most frightening ideas I've heard proposed, and you're not the first to propose it, it's been proposed by congressmen. Just as there was a strong backlash against the patriot act, with many feeling that extra security was not worth losing rights for, so too, must you seriously examine whether you really think it's worth sacrificing your children's ability to save, to end this business cycle's downturn six months early. These times disturb me greatly, and it's not the problems that scare me, it's the solutions that are proposed to them.
- Raphael 18y agoA wealth tax makes more sense. If you hold on to money longer, you are preventing someone else from spending it.