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A comment on G7: Rich nations back deal to tax multinationals. Parent comment

Re:G7: Rich nations back deal to tax multinationals by mensetmanusman on Saturday June 05, 2021 @10:53PM (#27410368)
That’s an interesting thought experiment:

What if we got rid of all taxes, and the only thing the govt. could do was print money at some fixed %GDP rate to induce inflation.

Then everyone would try to spend faster than inflation and the velocity of money could be quite fast (to increase GDP and spending, etc.)

Maybe a flywheel-economy?

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Re:G7: Rich nations back deal to tax multinationals by beisner on Saturday June 05, 2021 @10:57PM (#27410384)
This is very similar to Modern Monetary Theory, which views taxation as a means to control inflation rather than a source of funds for a sovereign government. Maybe only applies to a country whose currency is the reserve currency of the world tho…
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