this post was submitted on 08 Feb 2025
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How to fix the economy (lemmy.world)
submitted 3 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
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[–] konki@lemmy.one 1 points 3 months ago

Totally agree. The intial tax liability declared in a currency has the purpose of creating demand for the currency so that people, either directly or indirectly, want to work for the government to get the money they are issuing. This effect is probably most import when the currency is first created, but at the same time also the most important function of tax: It is what goves the money its value.