On Thursday, June 28, 2012 09:04:14 PM Apostolis Xekoukoulotakis wrote: > *I wholeheartedly agree with you Richard. > > > * > 2012/6/28 Poor Richard <[email protected]> > > > 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
Yeah, it doesn't make any sense to me either. Here's an example of demurrage inducing consumption: http://www.nytimes.com/2007/02/09/business/09currency.html In the Land of the Euro, Small Towns Adopt Alternative Currencies -Karl _______________________________________________ P2P Foundation - Mailing list http://www.p2pfoundation.net https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation
