Friday, June 23, 2006

Interesting take on taxation.

I've only skimmed the article so far, but plan to read it more carefully in a bit. For anyone who wants to get a leg up, see Steve Saville's essay, "Why Do We Have Taxation?". Here's a taste of what you'll find:

Taxation not only supports the currency directly due to the need to obtain the currency in order to pay the tax, it supports it indirectly by fostering the general belief that the currency is actually worth something.