Replying to Avatar Jake Woodhouse

Value-for-value is really donation-for-donation

It’s a gifting society

People put in the work, whether that be an article, video, or client

The input is time, energy, capital

In exchange people zap them, whatever feels right to them at the time in terms of amount, direct to their wallet

The output is stored time, energy, capital

This then begs the question: if one’s entire annual income is a donation, do you owe tax?
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Thomas 1y ago

😅 Good question! Depends on the tax law. In Europe you often have certain limits for donations that are tax free. But if you aggregate many small to a bigger sum then the tax office could become greedy again.

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