http://www.nytimes.com/2016/01/30/business/international/japan-interest-rate.html?_r=1
nothing new (even though it sounds foreign to us). sweden did this too
the idea is in a socialist society that your money is not yours, so if you keep large amounts of cash in the bank it deserves to be taxed; as the only people who want to have undisclosed finances and remain financially anonymous are criminals
from a macroeconomic sense it actually is supposed to increase the gdp by making it harder for people to conduct business under the radar
the new economist is our enemy, i hate to say it. they seek to maximize overall growth and strength by using ALL available resources (aka they think your money is everyones money and they know how to use it better than you do)
im an economic heretic by today's standards because i believe the market operates best when left alone
noam chomsky has for quite a while (along with howard zinn) advocated for the abolishment of standard currency. since all income is taxed anyhow, why would the earner need to take possession of it in an untraceable fashion?
nothing new (even though it sounds foreign to us). sweden did this too
the idea is in a socialist society that your money is not yours, so if you keep large amounts of cash in the bank it deserves to be taxed; as the only people who want to have undisclosed finances and remain financially anonymous are criminals
from a macroeconomic sense it actually is supposed to increase the gdp by making it harder for people to conduct business under the radar
the new economist is our enemy, i hate to say it. they seek to maximize overall growth and strength by using ALL available resources (aka they think your money is everyones money and they know how to use it better than you do)
im an economic heretic by today's standards because i believe the market operates best when left alone
noam chomsky has for quite a while (along with howard zinn) advocated for the abolishment of standard currency. since all income is taxed anyhow, why would the earner need to take possession of it in an untraceable fashion?