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Taxes establish a demand for the currency. Government wants to provision itself. How does this happen with fiat currency? Government levies a tax and then offe
by bubbleRefuge 14y ago
Taxes establish a demand for the currency. Government wants to provision itself. How does this happen with fiat currency? Government levies a tax and then offers employment in exchange fiat currency which is the only means of settling the tax liability. Without the tax it would be hard for a fiat currency to take hold over other alternatives.
- ttrreeww 14y agoYou are not serious... if you are, I'll take all the paper with numbers off of your hand right now!
- bubbleRefuge 14y agoNot following you. I'm saying that fiat derives value from the state. Taxes drive money.
- ttrreeww 13y agoSo if they stop taxing us, you don't value your money anymore?