MultiversX Tracker is Live!

Cost of taxation vs. the cantillon effect

Bitcoin Reddit

More / Bitcoin Reddit 98 Views

Funny how when it comes to important things I can never find a quantitative comparison.

We use 80,000 full-time employees and all the time spent filing just to move money to the government in the form of taxation. This opportunity cost is immense - Apple uses 160,000 employees to form the most valuable business on Earth, for example (of course engineers are more costly than IRS employees, but you get my point).

The creation of money is disgusting, but is it as costly as this? If we created the ability to add money with zero marginal cost of opportunity, why isn't there more effort to compare the cantillon effect that follows it with the alternative cost of taxation? These are real costs.

But hey I guess it all works better with me in the dark, right? ????

submitted by /u/cheeselog
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments