4 ms·
Empirically, what you're saying is not true. Many countries use USD as their primary currency, however their citizens do not pay taxes to the US. But let's say
by snitko 13y ago
Empirically, what you're saying is not true. Many countries use USD as their primary currency, however their citizens do not pay taxes to the US.
But let's say I agree. I'm gonna switch to Bitcoin and start my own country. Problem is, no one's gonna let me occupy a territory I choose even though it may not be used at all (!) by a government or any of the citizens. The moment I start building my house in the woods, someone's gonna notice and send people in suits to evict me. What's the justification for that? No one uses the land anyway! Why is some government more entitled to it than I am?
- moocowduckquack 13y agoIn countries that use the USD as their primary currency, the USD is the currency of the tax raising authority in that country. However the citizens do also pay a small tax to the USA from the use of the USD in the form of seigniorage, i.e. they still have to buy the dollars. For coins this is apparently around 45 cents per dollar. As for entitlement to territory, the only entitlement to territory that really counts is the ability to keep hold of it. If you want an anarchist utopia, you may have problems keeping it for any length of time unless you are fairly inaccessible or fairly martial. This isn't particularly fair, admittedly.