I think the people should not ask, nor accept equity payment as taxation.
As a matter of historical fact, governments do sometimes take equity in something, in exchange for what's owed. Like with the financial crisis bailouts.
It's a normal thing among and between capitalists, but also when the government interacts with them. I'm unclear on what principle would forbid it, when you start from the assumption that it's normal, rather than unheard of.
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As a matter of historical fact, governments do sometimes take equity in something, in exchange for what's owed. Like with the financial crisis bailouts.
It's a normal thing among and between capitalists, but also when the government interacts with them. I'm unclear on what principle would forbid it, when you start from the assumption that it's normal, rather than unheard of.
It seems weird to me because governments like to drive demand for their own currency by requiring taxes to be paid in that currency.
If you let people pay taxes in assets then demand for dollars would drop, and that’s a big source of American soft power.