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Replying to Avatar Paul

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.

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captain ☦️ 2y ago

I consider seigniorage just another tax.

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Paul 2y ago

No, it’s far far worse.

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