this post was submitted on 09 Jul 2024
419 points (99.8% liked)
196
16504 readers
3827 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Taxes are how currency gets its value. So if you plan to stop using taxed currencies, then sure.
With all due respect but that might be the worst take I've heard this week.
A currencies value is determined by the economy behind it. There's a reason why countries with lots of exports have a strong currency, while countries that don't are weaker in comparison.
Obviously, it's not the sole reason - economy is complex. But taxes have no role in a currencies value.