Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Only if they peg their currency to the dollar or each other: If they don’t then tax revenue has little to do with the rate of tax and more to do with the level of saving. And nothing at all to do with the capacity of the nation to provide public services - which is more to do with its overall productivity level and power structure.

Economists struggle with how money actually works let alone the function of taxation and its incidence.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: