RE: Where Does the Money in Steem Come From?
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Where Does the Money in Steem Come From?
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I found your article to be very interesting and informative. I agree with you that dilution and inflation are essentially the same, but I disagree that dilution isn't a tax. Anyone who has the power to dilute a currency also has the power to redistribute the wealth carried by the currency, and therefore, has taxing power. To me, this is a straight forward concept, but I'm willing to give further examples if needed.
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