Re:Facebook Tax Bill Over Ireland Move Could Cost $5B
by mentos on Saturday July 30, 2016 @01:53PM
(#12193926)
I often wonder about a tax system that just works on inflation. Why does a govt go out of its way to collect taxes if it's also going to print money? To me it's so that you can tax different entities at different rates. But if we're willing to adopt a flat tax of X% I wonder if it could be collected through inflating everyone's dollar?
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Re:Facebook Tax Bill Over Ireland Move Could Cost $5B
by raverbashing on Saturday July 30, 2016 @02:13PM
(#12194024)
This is a very good way of making the poor even more poor
Re:Facebook Tax Bill Over Ireland Move Could Cost $5B
by ojno on Saturday July 30, 2016 @02:21PM
(#12194056)
Perhaps if you were to only use the created money for welfare etc?
(Not that I'm optimistic that such a system could come about in practice, or that I'm an economist.)
Re:Facebook Tax Bill Over Ireland Move Could Cost $5B
by derefr on Saturday July 30, 2016 @10:13PM
(#12195425)
What are US treasury bonds going to be valued at by foreign investors under this scheme? Inflation can do whatever you like if your country's economy is a closed system; it can't give you money to pay debts to other countries with.