[ExI] Direct confiscation for funding/was Re: Repudiating the national debt
pharos at gmail.com
Wed May 18 22:41:42 UTC 2016
On 18 May 2016 at 23:30, Dan TheBookMan wrote:
> It is a form of direct confiscation, though I'm not sure how well it could
> be used for routine funding -- as a replacement for taxation, inflation, and
> borrowing. (One can point to, of course, how traffic fines are used for
> routine funding -- little different than how bandits controlling a
> chokepoint rely on shaking down travelers to fund their organization.)
Also, there is now negative interest rates which are becoming popular
with some central banks.
In effect a form of wealth taxation.
More information about the extropy-chat