Modern economies cannot function without fiat money, fiat credit, and some variation on income taxes – which are, in reality, government commissions on creating the rule of law necessary for complex commercial production distribution and trade.
Would a flat tax be better with a much higher income required for reporting? Probably. There is no need to tax most of the working classes who produce something on the order of 3% of revenues.
Source date (UTC): 2025-06-28 18:07:07 UTC
Original post: https://twitter.com/i/web/status/1939022766893916287
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