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Not necessarily I want to cut your hair and it would take me 15mins. But in order for you to pay me $10 I need a company, and liability insurance, and medical c
by ugvbjhygvb 17y ago
Not necessarily
I want to cut your hair and it would take me 15mins.
But in order for you to pay me $10 I need a company, and liability insurance, and medical cover, and a business license, and an accountant and a GST/VAT account.
So I have to charge you $20 to cover the inefficiency
- Tichy 17y agoI don't think that is true in general. First, you can not evade tax laws just by not using money. What if all companies decided to pay their employees only in "things" instead of money, should they all really be exempt from taxes? Like instead of earning 2000$, you would earn "a new TV and a Microwave, and 10 haircuts". It doesn't work that way. (Debate about the usefulness of taxes elsewhere please - the fact is atm the government wants our money/part of our production. It is not a result of the existence of money). Also, you don't need to have a business if your exchanges are below a certain threshold, at least not in Germany. I am fairly certain it has to be similar in the US.
- deleted 17y ago[deleted]