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Posted by Uwe Burkheiser (81.210.153.20) on 06:22:24 03/28/04
In Reply to: Re: National Review Online - Questions posted by Warren Mosler
Warren, maybe my English is to poor so in different words:
Who finances the pre-state-efforts to build up to the point that the state can plausible threaten penalties? Why would anyone accept a tax credit to provide real goods to that mandatory pre-state-effort during which no penalty can effectively be threatened?
And if the following is your position:
Yes, without penalty for non payment it doesn't work, as evidenced by currencies that vanish when tax collection ceases.
Does not the penalty for the non-payment of taxes determine the value of the token issued as money rather than the tax itself?
Uwe
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