Inflation tax

price777999

Established member
580 29
Is Inflation the most efficient form of tax ?

For example we print money to build schools ,hospitals,roads ,etc.Then we have a tax free , free market economy, eliminating the need for accountants and therefor being more efficient .
 

counter_violent

Legendary member
11,282 3,005
and your point is ?

Just read the articles and inwardly digest.
There are also links to "money printing" and links to some of the countries that inflation and hyperinflation have affected with disastrous consequences. Germany, Argentina, Zimbabwe etc.

Inflation should be seen as the sworn enemy.
 

new_trader

Legendary member
6,665 1,489
Is Inflation the most efficient form of tax ?

For example we print money to build schools ,hospitals,roads ,etc.Then we have a tax free , free market economy, eliminating the need for accountants and therefor being more efficient .

Read this FREE e-book, it will explain what you need to know.

http://www.soundmoneyproject.org/wp-content/uploads/2010/11/Booklet-SMP-Guide-Spread-PDF1.pdf

I know you probably won't bother, so here is a brief summary of why sound money is important:


Honesty in Money - Money should serve as an honest measure and a reliable store of value.

Free Markets Need Accurate Money - Money should convey price signals with clarity so that free markets can operate efficiently.

Clear Price Signals are Key to Economic Stability - When price signals are distorted through loose monetary policy, economic resources are misallocated and financial capital is misdirected.

Integrity in Money - Sound money forges the link between effort and reward by providing a dependable store of value over time.

Ability to Plan Ahead - When money can be trusted, individuals are able to plan ahead with confidence.

Consistency in the Worth of Money Over Time - The virtue of saving goes unrewarded when purchasing power is undermined by inflation.

Asserting the Right to a Reliable Dollar - Money’s most important function is to provide a useful tool for private enterprise – not to serve as an instrument of government policy.

Limiting Government Intervention - The more power we grant to government to determine the value of money, the more helpless we become as masters of our own economic fate.
 

0007

Senior member
2,376 663
Is Inflation the most efficient form of tax ?

For example we print money to build schools ,hospitals,roads ,etc.Then we have a tax free , free market economy, eliminating the need for accountants and therefor being more efficient .


Unbelieveable! ............................................................. :rolleyes:
 

price777999

Established member
580 29
Just read the articles and inwardly digest.
There are also links to "money printing" and links to some of the countries that inflation and hyperinflation have affected with disastrous consequences. Germany, Argentina, Zimbabwe etc.

Inflation should be seen as the sworn enemy.

Yea of course there would have to be a limit on how much is printed each year but I don't think building schools and hospitals etc. with printed money would cause hyperinflation.

And think of all the money wasted on accountants and tax lawyers.
 

price777999

Established member
580 29
Read this FREE e-book, it will explain what you need to know.

http://www.soundmoneyproject.org/wp-content/uploads/2010/11/Booklet-SMP-Guide-Spread-PDF1.pdf

I know you probably won't bother, so here is a brief summary of why sound money is important:


Honesty in Money - Money should serve as an honest measure and a reliable store of value.

Free Markets Need Accurate Money - Money should convey price signals with clarity so that free markets can operate efficiently.

Clear Price Signals are Key to Economic Stability - When price signals are distorted through loose monetary policy, economic resources are misallocated and financial capital is misdirected.

Integrity in Money - Sound money forges the link between effort and reward by providing a dependable store of value over time.

Ability to Plan Ahead - When money can be trusted, individuals are able to plan ahead with confidence.

Consistency in the Worth of Money Over Time - The virtue of saving goes unrewarded when purchasing power is undermined by inflation.

Asserting the Right to a Reliable Dollar - Money’s most important function is to provide a useful tool for private enterprise – not to serve as an instrument of government policy.

Limiting Government Intervention - The more power we grant to government to determine the value of money, the more helpless we become as masters of our own economic fate.

Can you name one country that does not have inflation ?

If we did have sound money based on gold or silver ,would that not cause deflation ? ...as the population increased there would not be enough to go around ?
 

new_trader

Legendary member
6,665 1,489
Can you name one country that does not have inflation ?

No I can't think of any, but that doesn't make it right. Can you name one country that doesn't have murder?

Besides, I can name many countries throughout history that have destroyed their economies via inflation.


If we did have sound money based on gold or silver ,would that not cause deflation ? ...as the population increased there would not be enough to go around ?

Scarcity is what makes something valuable, not abundance. Although, there have to be some other preconditions like utility, desire and the belief something will provide some kind of satisfaction or benefit, scarcity is the fundamental factor.

With a limited money supply you are right, there will be price deflation but all that means is that money and therefore wages and savings have become more valuable. Would you complain about being able to buy more and more of the things you want without having to earn more money?

The idea that we would run out of money if we used gold and silver as money again is completely false. For one thing, money is not destroyed and a large portion is recycled through many transactions.

Example: If a person uses a 1 ounce gold coin to buy a suit, the tailor can then take that same 1 ounce gold coin to pay his rent. The landlord can then take that same 1 ounce gold coin and buy a new computer etc...


Let me ask you a question: What gives money value?
 

Purple Brain

Experienced member
1,613 179
The UK has seen periods of strong growth in times of high and low inflation. Inflation by itself is not that useful as a yardstick or as a control. Is is useful for reducing government debt. But as with all macroeconomic indicators and factors, they are rarely useful taken in isolation.

If your original question was a genuine one, the most efficient tax would be a combination of purchase tax on non-essentials, a flat rate income tax and a fixed rate wealth tax. I'm not saying I'd like that, but it would be efficient in taking money in proportion to ability to pay and as importantly, in proportion to ability to regenerate.
 

price777999

Established member
580 29
Let me ask you a question: What gives money value?

its just a convenient currency , a way of exchanging units of work ..... so the work people do in exchange for the currency gives it the value .

But we agree that we need to share the work load so weaker people can survive , so what is the most efficient way of doing this ?

think of all the accountants in the world , do you think this is an efficient system ?
 

NVP

Legendary member
37,768 2,101
Is Inflation the most efficient form of tax ?

For example we print money to build schools ,hospitals,roads ,etc.Then we have a tax free , free market economy, eliminating the need for accountants and therefor being more efficient .

I say old chap...I'm an accountant .......and we are not responsible for all the worlds ills.... ....:rolleyes:

N
 
 
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