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Bernard Lietaer was trying to explain to an audience of academic economist about how the Swiss complementary currency the "Wir" had a buffering effect for the Swiss economy during the GFC. The wir is much bigger than the tem is now. One of the economists objected, "well, it didn't prevent the GFC, did it?" Lietaer, a bit exasperated, asked, "But what if the Swiss gov. had monetized it?" (accepted the wir in payment of taxes)
What's new? Aristocrats have been bartering peasants, patents, militaries, industries and whole countries for centuries - while exempting themselves from their own "taxes for plebes" regimes.
Taxes on micro-bartering is not something to worry about.
4 comments:
So there goes the tax revenue? You have to suppose there is now an exchange rate between the tem and the euro.
Jonf,
Bernard Lietaer was trying to explain to an audience of academic economist about how the Swiss complementary currency the "Wir" had a buffering effect for the Swiss economy during the GFC. The wir is much bigger than the tem is now. One of the economists objected, "well, it didn't prevent the GFC, did it?" Lietaer, a bit exasperated, asked, "But what if the Swiss gov. had monetized it?" (accepted the wir in payment of taxes)
1 tem is supposed to worth 1 euro.
What's new? Aristocrats have been bartering peasants, patents, militaries, industries and whole countries for centuries - while exempting themselves from their own "taxes for plebes" regimes.
Taxes on micro-bartering is not something to worry about.
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