Great question! The answer is that taxes are only one way the state extracts value from people.
The other is seignorage and debasement of fiat currency.
Taxes & seignorage. The two ways governments extract value from its citizens.
Great question! The answer is that taxes are only one way the state extracts value from people.
The other is seignorage and debasement of fiat currency.
Taxes & seignorage. The two ways governments extract value from its citizens.