this post was submitted on 09 Jul 2024
415 points (100.0% liked)

196

16337 readers
1 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 3 months ago (1 children)

Taxes are how currency gets its value. So if you plan to stop using taxed currencies, then sure.

[โ€“] [email protected] 3 points 3 months ago

With all due respect but that might be the worst take I've heard this week.

A currencies value is determined by the economy behind it. There's a reason why countries with lots of exports have a strong currency, while countries that don't are weaker in comparison.

Obviously, it's not the sole reason - economy is complex. But taxes have no role in a currencies value.