OpenSourceOptimist on Nostr: Higher taxes would reduce velocity right? VAT/income tax will shrink the money supply ...
Higher taxes would reduce velocity right? VAT/income tax will shrink the money supply in proportion to the velocity. If money moves really fast it will be taxed much more than if it just sits still in a bank account.
Published at
2023-04-03 09:18:30Event JSON
{
"id": "21803dc432d2a20ac5f94a63d73954ed50cf2d0e135bc005899199d059f4e1df",
"pubkey": "ff4f4392ab4ac9d8c7c9ab6dc8ae50d4bf4bb19053928f28f1f737fbfced164b",
"created_at": 1680513510,
"kind": 1,
"tags": [
[
"e",
"3219d9a3b464984b0c85e3ce20fb11c0d2ffefda1db8429fb66ff8744fb67d6e"
],
[
"p",
"80482e60178c2ce996da6d67577f56a2b2c47ccb1c84c81f2b7960637cb71b78"
]
],
"content": "Higher taxes would reduce velocity right? VAT/income tax will shrink the money supply in proportion to the velocity. If money moves really fast it will be taxed much more than if it just sits still in a bank account.",
"sig": "1b97273105b8608168f3dcc4138e9ba9796d83a77c811fffd94bb4b87a60caffbd2c40d19f1c78775cac6e6d2ceca7d11107583f470cb4fe18a4d0ce3e9db6b6"
}
