Wednesday , September 20 2017
Home / FT Alphaville / If tax is theft…

If tax is theft…

Summary:
A quick thought for the Libertarian cryptocurrency enthusiasts out there.If tax is theft, but the act of taxing people in your own scrip is necessary to underpin the value of that scrip as a national currency…(supporting the argument that a cryptocurrency will never be socially valuable on a mass scale unless it’s accepted by the highest taxing authority to extinguish tax debts.)… does that make ransomware the theft that underpins the value of cryptocurrency as a universal currency?If so, what does that say about civilised progress? We’re going from a tax authority which we can democratically control and govern, to a ransomware authority that operates on a strongest man/feudalistic basis, and takes no regard for how the proceeds of that theft should be spent or distributed?Nice.Related

Topics:
Izabella Kaminska considers the following as important:

This could be interesting, too:

Guest writer writes Guest post: Central Bank Quantitative Easing as an Emerging Political Liability

Matthew C Klein writes Going off gold did the opposite of what many people think

Alexandra Scaggs writes Where we’re going, we don’t need profits

Kadhim Shubber writes The public markets aren’t nearly broken enough

A quick thought for the Libertarian cryptocurrency enthusiasts out there.

If tax is...

Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

Leave a Reply

Your email address will not be published. Required fields are marked *