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[Sergarr]

Yes, nobody would notice an increase in the supply of money. That's definitely the reason they don't print literal money now, because people would see them printing it.

An obvious solution to this problem is just to reduce everyone's money accounts proportionally in order to maintain the same amount of money in the system. Clearly this solution cannot possibly backfire in any imaginable situation.

[Sergarr]

But taking money from transactions is stupid, because it discourages people from making transactions and thus artificially slow down the economy!

[Sergarr]

But then people that sit on piles of treasure would unjustfully be left untaxed!

And this can't be allowed to happen.

[Baffler]

No see, the solution here is to go back to the Roman system, where you paid as much as the taxman thought he could extract from you because he got a finder's fee for it.

[ChairmanPoo]

No see, the solution here is to go back to the Roman system, where you paid as much as the taxman thought he could extract from you because he got a finder's fee for it.

I work so hard in arranging the blocks, but the landlord and taxman bleed me dry...

[Helgoland]

You load sixteen torrents, and what do you git? Another day older and deeper in government shit.

[Grim Portent]

Clearly the best tax system is mob taxation, you keep what cannot be seized in popular uprising and redistributed. 

[Loud Whispers]

Well, no one just sits on money in the bank; they stick it in stocks and the like. Tax the stock market!

Would that not just lower demand for investment, lowering stock prices and GDP with it? All the while the rich just buy up a shit ton of real assets?

[RedKing]

Russia unveils their Navy Seal team.

Spoiler: To go with the bear cavalry, no doubt. (click to show/hide)

[notquitethere]

Russia unveils their Navy Seal team.

Spoiler: To go with the bear cavalry, no doubt. (click to show/hide)

Now that's military expenditure I can get on board with.

[lorb]

Well, no one just sits on money in the bank; they stick it in stocks and the like. Tax the stock market!

Would that not just lower demand for investment, lowering stock prices and GDP with it? All the while the rich just buy up a shit ton of real assets?

For as long as the return on capital invested in the stock market is greater than the return on capital invested elsewhere a tax on it doesn't change much. In Austria we have a 25% capital gains tax that was recently extended to gains from the stock market. Did not hurt the Austrian stock market. r is still greater than g

[BlindKitty]

Of course, the true problem is the fact that once you have enough money, you can just invest it elsewhere; if there is too much taxation in Denmark, rich Danes will just invest in China/USA/Hungary/wherever. Of course, if you are just an ordinary citizen with couple tens of thousands of euro, you're screwed... But not if you are filthy rich. Remember the time when France tried to set some incredible tax on people earning a lot of money? It wasn't all that long ago.

Banning cash has one target and one target only, to increase control of the state (and perhaps banks) over the citizens. It won't help in stopping illegal activities, at best it will reduce them by tiny amount for a short period of time, before the alternatives come up. Not to mention that it will make legal-but-shitty actions by the banks all that much easier in the meantime, not to mention legal-because-the-perpetrator-decided-so actions by the state, like bail-ins and stuff.

[Antsan]

I thought this was about undeclared work/income tax evasion.

[da_nang]

Corrupt politicians gotta corrupt.

Motherfuckers.

[evilcherry]

Of course, the true problem is the fact that once you have enough money, you can just invest it elsewhere; if there is too much taxation in Denmark, rich Danes will just invest in China/USA/Hungary/wherever. Of course, if you are just an ordinary citizen with couple tens of thousands of euro, you're screwed... But not if you are filthy rich. Remember the time when France tried to set some incredible tax on people earning a lot of money? It wasn't all that long ago.

Banning cash has one target and one target only, to increase control of the state (and perhaps banks) over the citizens. It won't help in stopping illegal activities, at best it will reduce them by tiny amount for a short period of time, before the alternatives come up. Not to mention that it will make legal-but-shitty actions by the banks all that much easier in the meantime, not to mention legal-because-the-perpetrator-decided-so actions by the state, like bail-ins and stuff.

That's why all kind of tax evasion should be an offense punished by incarceration. If too many people are hiding in Monaco or Switzerland I believe that military intervention is a righteous response, regardless what the UN says, and these places should be put under direct EU administration anyway.

One less city state, one more place under a world-wide democracy.