Arthur B.(@ArthurB):Many taxes are stupid, but there's a special category of stupid for stamp duties and other transaction taxes. A well designed tax is like increasing the slope of a road. The cars need to work harder to climb it, they're slower, consume more fuel but they climb it nonetheless. A transaction tax is like throwing sand in the engine and arguing it's not a problem because the grain of sands are so small.

Arthur B.

@ArthurB

@Tezos co-founder w/ wife @breitwoman & Agitprop founder. Aligning ASI to not zap everyone is unsolved, that's bad. Tezos stuff, high context humor & more.

参加 March 2008

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Arthur B.@ArthurB

2026.07.02 18:41

Many taxes are stupid, but there's a special category of stupid for stamp duties and other transaction taxes. A well designed tax is like increasing the slope of a road. The cars need to work harder to climb it, they're slower, consume more fuel but they climb it nonetheless. A transaction tax is like throwing sand in the engine and arguing it's not a problem because the grain of sands are so small.