[extropy-chat] Bloodless Redistribution of Wealth(wasSingulartarians)

[gts]

On Thu, 29 Dec 2005 15:16:58 -0500, The Avantguardian  
<avantguardian2020 at yahoo.com> wrote:

> But why not? We have different coins for the same
> denomination. Some state quarters may be rarer than
> others but they all buy exactly 25 cents worth of
> stuff at the store.

These quarters are on the cusp between normal currency and collector  
items. Eventually they will be worth more than 25 cents, and in fact they  
already are if you sell them as a collection.

There is good reason we did not issue state hundred dollar bills instead.  
Quarters are practically worthless in today's economy, so the novelty  
effect is negligible. The idea would have been problematic a hundred years  
ago, when 25 cents was worth something.

> We have Eisenhower dollars,
> Anthony dollars, and Sakajawea dollars that all buy
> exactly $1 worth of stuff.

Same situation: near collectors items and low demomations. I thought you  
were proposing something that would reduce federal taxes in some  
significant way. That would require a massive and I think disastrous  
change to our currency.

-gts