3 ms·
Control of a currency has little to do with taxation. Eurozone countries manage to tax income just fine even though they do not have "control" over their curre
by ivix 14y ago
Control of a currency has little to do with taxation.
Eurozone countries manage to tax income just fine even though they do not have "control" over their currencies.
- rollo_tommasi 14y agoThey have control of the nodes and vectors through which the money flows, which is I think what the parent meant by control over "currency".
- tsotha 14y agoSee my comment below. Inflation is a tax.
- InclinedPlane 14y agoMost money in the Eurozone flows through banks, and I think we've seen recently just how much control Eurozone countries have over their banks (pretty much as much as they want).