#46203
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MountainBiker
Survivalist
member10

When your debt is that high ( far beyond hope of repayment ) and your currency is unbacked and worthless ………..there is actually no need to tax …….0 from 0 is still 0 .

Again, a currency backed by gold is just another shell game if the currency cannot be exchanged for physical gold. Govts will just say they have as much gold as they need to say they have. There is no basis upon which to believe they would suddenly be honest in that regard.