What do I not understand about demurage--how is not equivalent to a flat tax except that it doesn't go to the public treasury where it might do some good? Doesn't it discourage workers from saving at the same time it discourages the rich from hoarding? Doesn't inflation already cause US dollars to gradually evaporate? I don't see how demurage helps redistribute wealth downward like a progressive tax does.
I don't get it. Richard Message: 1 > Date: Thu, 28 Jun 2012 14:58:32 +0900 > From: Kevin Flanagan <[email protected]> > Subject: [P2P-F] Blog Post - Freicoin - Bitcoin with Demurage > To: P2P Foundation mailing list <[email protected]> > Message-ID: > <CACpSwUfysbB4bgzgqW4jSMpT=m=ggkcnponkaurwjudu7x0...@mail.gmail.com > > > Content-Type: text/plain; charset="iso-8859-1" > > Hi, > > Check this out Freicoin - Bitcoin with Demurage > http://www.indiegogo.com/freicoin > > I wrote a blog post on this dated for the 4th but I'm having problems > uploading an image to wordpress. Any idea whats up?? > > Kevin > (...) End of P2P-Foundation Digest, Vol 18, Issue 19 > ********************************************** >
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