Taxing You Until You Spend

Discussion in 'Politics' started by Achiever, Jun 30, 2003.

  1. Koenig and Dolmas propose what they admit is a radical idea: a "stamp tax." In this, a currency would have to be stamped periodically, and you would be charged for your currency, "in order to retain its status as legal tender. The stamp fee could be calibrated to generate any negative, nominal interest rate the central bank desired." They toss out a few numbers, say 1% a month, to validate your currency. In other words, it would cost you 12% a year to have the gall to save money.

    So basically, these unelected morons are contemplating a new law -- "Thou shalt not save, thou shalt spend." And, if you don't, we're going to confiscate your money, via a tax, after we've already confiscated your money via debasement.

    Imagine that! :eek: